Philadelphia Skyline

May 2004 Settlement of Interest

May was a good month for settlements...

We obtained a $60,000.00 settlement on behalf of one of New York City's largest managing agents whose tenant, an IT placement firm, abandoned the premises during the course of the lease term. The tenant left the premises owing rent arrears, as well as rent on an ongoing basis, but ultimately agreed to settle the matter on the day of trial. The lease was personally guaranteed by two principals; however, they delayed in settling until the day of trial. They paid principal and interest and a portion of the attorneys' fees to settle the case.

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