4 ms·
Pay whatever cost is in the lease in order to break it or go bankrupt and pay out creditors first. The building management will then either find a new tenant an
by charwalker 7y ago
Pay whatever cost is in the lease in order to break it or go bankrupt and pay out creditors first. The building management will then either find a new tenant and/or enforce other components of the lease and sue for their money per the contract agreement.
- chris11 7y agoI had also thought that they had set up some leases through their own legal structures so they could limit some of WeWork's financial liability from the lease.
- toomuchtodo 7y agoThe leases through the special purpose entities are still (supposedly) guaranteed by parent WeWork. To shed the leases would require wiping out some component of the equity through bankruptcy.