63. Real Property in Times of Trouble

In this episode, Chris Baskerville and James Flaherty sit down with special counsel Brendan McGrath to discuss real estate issues in business interest rate squeeze. Specifically, what is he seeing about property law, insolvency, and the potential warning signs for landlords and renters alike? To property law, insolvency and small business restructuring? What is Brendan seeing out there?This week, the trio discusses the possible advantages and disadvantages of various rental arrangements, the role of small business restructuring in protecting landlord and tenant interests, and what tenants need to consider when negotiating a lease. Brendan explains how lawyers can help create agreements that are better suited for each side's needs and issues to consider in handling potential disputes. The conversation also touches upon the importance of financial literacy, preparation for potential unexpected costs, and understanding personal guarantees on business leases. They talk about common pitfalls that people may encounter when dealing with property-related matters, such as not understanding certain aspects of the law or what they will be paying. Another timely instalment!