Indemnification for Ground Lessee
- Client: Ground lessee
- Date: Jan 20, 2010
Schiff Hardin represented a ground lessee in connection with obtaining indemnification for the ground lessee and its leasehold mortgagee.
We obtained title insurance endorsements over mechanics' lien claims filed against the ground lessor just prior to its filing for bankruptcy, also asserting our client's rights to remain in possession despite the rejection of its ground lease by the ground lessor.
The representation later included negotiation of a new ground lease with the buyer of the ground lessor's property interests, including the parcel ground leased to our client.