In a default scenario, the temptation for the building owners and ultimate tenants to cut bilateral deals and screw over the middle man (WeWork) would be huge.

In a default scenario, the temptation for the building owners and ultimate tenants to cut bilateral deals and screw over the middle man (WeWork) would be huge. For the owner it's win-win - they keep cashflow coming in and if the deal remains short term then they can replace the tenant with someone who will sign a longer-term lease once markets recover fairly easily.