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Rent Concession

Relief or No Relief?

Authored by Dave Dilworth, Esq. In April, the Financial Accounting Standards Board (FASB) provided a Q&A document regarding relief for the rent concessions negotiated from the COVID-19 pandemic. As some of those concessions may be expiring, I’d like to revisit the topic and update some earlier suggestions I made.

Reduce Rent Expense By 15% To 20%

Jackson Cross Partners, LLC (“JCP”) has developed a program to leverage the investment market’s demand for corporate net leased properties to provide significant rent savings to our corporate clients. Many times there is a significant spread between the current rent being paid, and the capitalized value of the income stream. By restructuring the Lease, JCP … Continued

In Rough Economic Times, Immediate Bottom Line Impact Can Be Found In Lease Financial Audits

Jackson Cross Partners (“JCP”) works with many corporate tenants and commercial property owners in the review, abstraction and audit of property leases. The JCP Advisory group utilizes a full time staff of 7 attorneys and property specialists, along with a group of 25 independent contractors to help clients “mine for value” in their property leases. … Continued