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Why would a landlord accept these terms? Isn't the landlord increasing their exposure to financial default? And if the parent is true and they are operating in
by pm90 9y ago
Why would a landlord accept these terms? Isn't the landlord increasing their exposure to financial default? And if the parent is true and they are operating in premium markets, there should be a lot of other willing tenants right?
- YokoZar 9y agoYou may have answered your own question. If you can relet the space more easily when WeWork Subsidiary LLC breaks the lease, then the landlord's default risk is reduced. Plus, maybe there's a large deposit.
- fanzhang 9y agoA lot of other potential tenants are small anyway and have the same problems as WeWork Subsidiary LLC -- they can default and go under.