Spencer Fane attorney Robin Nolan, a partner practicing in commercial real estate matters, recently published an article in the Colorado Real Estate Journal on the options available to landlords when modifying office leases for tenants.
Titled “Be Prepared to Handle Tenant Requests for Less Space,” the article outlines several options to keep current tenants intact or reduce the financial ramifications if the tenant needs to step back from its current office footprint.
“The possibility exists that the landscape of office space needs will be permanently altered post-COVID-19,” Robin explains in the article. “Tenants are just as likely to require different configurations, as they are to require reduction in office space. An understanding of whether these changes are temporary or permanent is critical to assessing options.”
To read the full article, please click here.