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Joshua Stein PLLC
501 Madison Avenue, Suite 402
New York, NY 10022
(212) 688-3300
Practice Areas
Development
Finance
Ground Leases
Hotels
Purchases & Sales
Space Leases
Expert Witness Work
Joshua Stein
PLLC
Menu
Home
About Us
Completed Matters
Publications
News/Events
Press Coverage
Site Info
Search
Contact Us
Join Email List
Practice Areas:
Practice Areas:
Development
Finance
Ground Leases
Hotels
Purchases & Sales
Space Leases
Expert Witness Work
Publications
Letters of Credit
3 Articles and Other Items Found
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An Update on the Bankruptcy Law of Large Letters of Credit for Leases [2009]
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If a tenant files for bankruptcy, the Bankruptcy Code may cause a ''Claim Cap Problem'' for a landlord that accepted a large letter of credit in lieu of a cash deposit as security for the commercial lease. Joshua Stein offers guidance to landlords on how to understand and perhaps even avoid the problem.
Legal Issues, Practices, and Practicalities for Letters of Credit [2009]
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This article discusses the issues, some specific to commercial space leasing, that arise when a landlord or other beneficiary accepts a standby Letter of Credit to back an obligation. Includes a sample letter of credit with commentary.
Model Agreement for Letter of Credit in Place of Security Deposit (Lender-Controlled) [2001]
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When a tenant uses a letter of credit in place of a security deposit, this can create a complex 3-way relationship among tenant, landlord, and the landlord's mortgage lender. This article explores that relationship, with a sample agreement that might govern it.
Practice Areas:
Practice Areas:
Development
Finance
Ground Leases
Hotels
Purchases & Sales
Space Leases
Expert Witness Work
Joshua Stein PLLC
Please Note Our New Address:
110 West 57th Street, 4th Floor
New York, NY 10019
(212
)
688-3300
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