Visual Lease can help you with the lease management challenges that your teams are facing due to the Covid-19 crisis. We are here to help you review and abstract (summarize) lease agreements and other relevant clauses so that you can develop effective strategies for reducing costs in these areas:
- Financial - rent, late fees and penalties, operating costs and taxes, supplemental charges
- Legal - default, services, continuous operation, force majeure
- Timing/notices- dates, cure periods, parties
- Options- extension, early termination, contraction, expansion
- Physical space- access, cleaning
- Accounting/tax considerations- lease accounting remeasurement, abandonment
The Visual Lease Team has experience abstracting tens of thousands of leases and have been helping companies control their lease obligations for over 35 years.