Similar to extensions, used allow a lessee some “breathing room.” In many cases, the lessor may require a change to the terms of the lease (rate, collateral, additional guarantors, etc.) to agree to forbearance.
Similar to extensions, used allow a lessee some “breathing room.” In many cases, the lessor may require a change to the terms of the lease (rate, collateral, additional guarantors, etc.) to agree to forbearance.