Landlords have a few tools to secure a tenant’s payment under a commercial lease – most notably, personal guarantees, security deposits and letters of credit. Landlords should be aware that irrevocable letters of credit are the preferred method of security …
Topic: Litigation & Dispute Resolution
Los Angeles Eviction Moratorium Lifted: What Landlords Need to Know
In response to the COVID-19 crisis, the City of Los Angeles implemented a temporary eviction moratorium to protect residential and commercial tenants during a time of widespread economic hardship. The moratorium went into effect on March 4, 2020 and did …
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