Jul. 8, 2003

Tenant May File Bankruptcy to Limit Its Damages for Termination of Lease

Focus Column - Real Property - By Stephen C. Seto - In these times of downsizing and declining rents, many financially healthy tenants face above-market-price long-term leases for office space that they cannot use. Landlords and tenants presume that, if a tenant generally is in good financial condition, then it cannot use bankruptcy simply to minimize the debt burden of such a lease.