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Additional risks landlords should consider when taking letters of credit from commercial lease tenants

Pillsbury Winthrop Shaw Pittman LLP

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USA May 25 2009

In the last decade, commercial landlords have favored obtaining from tenants standby letters of credit over security deposits because standby letters of credit provided added security in the event of a tenant’s bankruptcy.

Pillsbury Winthrop Shaw Pittman LLP - Ana N. Damonte and M. David Minnick
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Filed under

  • USA
  • Banking
  • Insolvency & Restructuring
  • Real Estate
  • Pillsbury Winthrop Shaw Pittman LLP

Tagged with

  • Bankruptcy
  • Letter of credit
  • Credit (finance)
  • Landlord
  • Leasehold estate

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