transitive verb
:to make changes: do something in a new way
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Property Management

Armstrong Teasdale’s Property Management practice area includes a team of attorneys whose primary focus involves protecting the interests of owners and property managers of office buildings, shopping centers, medical facilities, industrial space and other commercial properties throughout the United States. Our dedicated lawyers understand that commercial leasing and property management is a business based on timing and relationships. In this area, we know things move quickly, so you can trust that our attorneys will be highly responsive and efficient. Property managers and owners alike can rely on Armstrong Teasdale for prompt, attentive service aimed directly at protecting your business’ interests.


Effective lease negotiation and drafting goes beyond filling out a form. Our lawyers’ leasing experience spans all asset classes and grades, from Class “A” office towers and destination retail and mixed-use properties to industrial, warehouse and distribution centers. Our experience and depth allows us to deliver efficient and cost-effective leasing services, producing leases that are both tailored and tested.


We frequently represent clients in the enforcement of tenant leases through litigation and pre-litigation settlements. When a tenant defaults, property managers must take appropriate action to protect themselves and their assets while facing the challenge of successfully navigating applicable statutes, rules and regulations. Whether the goal is to pursue eviction and clear the way for a new tenant or to renegotiate a lease and continue a relationship with an otherwise good tenant, our lawyers have a proven track record of successfully resolving disputes.


No successful commercial real estate portfolio is completely static. Whether your business plan involves the sale of a single property or a multisite/multistate acquisition, our team has the knowledge and skills to manage your transaction. If the time is right to grow or make a strategic decision to dispose of assets, our lawyers will efficiently and cost-effectively carry your deal from the original concept through closing.


A dynamic portfolio also includes the development, redevelopment and strategic repositioning of assets. Our lawyers have significant experience working with a variety of local, state and federal incentives to bridge funding gaps. Examples of such incentives include multiple forms of bond financing, tax increment financing (TIF) and the creation and administration of special taxing districts such as transportation development districts (TDDs) and community improvement districts (CIDs).


Our Property Management attorneys are very familiar with the broad scope of ever-evolving professional regulations that govern property managers and brokers. We have experience navigating the regulatory landscape to make sure our clients are compliant with licensure requirements and avoid pitfalls. We also structure property management agreements, listing agreements, tenant representation agreements and co-brokerage agreements to ensure that interests are protected, commissions are paid and lien rights are secured.


If you own and operate commercial real estate, it becomes a question of when, not if, issues will arise. From tornadoes and floods to power failures and slip and falls, most owners and property managers view the vast majority of these liabilities through the lens of insurance coverage. Our lawyers are experienced in reviewing insurance contracts and advising property managers on the great diversity of insurance products to ensure adequate and appropriate protection. In addition, the firm’s dedicated insurance lawyers handle issues concerning breach of contract, bad-faith actions, denials of coverage and all pertinent matters related to insurance claims.


Tenant bankruptcies are an inevitable concern in property management. This is particularly true as technology continues to alter the retail landscape. When a tenant is in default or experiences difficulty meeting its lease obligations, our bankruptcy litigation lawyers counsel property management operators in developing strategies that lead to workouts and lease restructuring, or lease termination and eviction. Our representation begins with a thorough review of the debt relationship, including an analysis of credit and litigation risk from which we develop a timely, cost-effective strategy. Armstrong Teasdale lawyers also counsel regarding outstanding obligations of the landlord to the tenant, and rights and remedies once a tenant files for bankruptcy. We represent a wide variety of creditors including banks, insurance companies, property management firms, real estate investment trusts, asset-based lenders, commercial finance companies, indenture trustees, bondholders, receivers and creditors' committees.


Armstrong Teasdale attorneys have extensive experience working with federal and state courts, and federal agencies including the Internal Revenue Service on receivership matters in the case of possession, eviction or disposition of liability. We counsel creditors and property managers regarding the collection of past and future rent, as well as the collection of assets and preservation or liquidation of other collateral.


Our lawyers have witnessed the volatility in the value of commercial real estate projects, which directly impacts tax assessments and the resulting tax liability. Properly managing costs is an integral aspect of property ownership and management, and it can make property more attractive to potential tenants. Our lawyers have years of experience negotiating long-term property tax abatements for improvements constructed as part of redevelopment plans. In addition, our lawyers review property assessments and determine whether a tax appeal is warranted.


Armstrong Teasdale attorneys across practice areas offer a full range of services to support our real estate industry clients including:

  • Condominium (business)
  • Commercial contracts and vendor agreements
  • Construction contracts and dispute resolution
  • Easements (utility and REA)
  • Eminent domain and adverse possession
  • Environmental law
  • Foreclosure
  • Historic tax credits
  • Indenture/covenants (drafting and enforcement)
  • Litigation
  • Low-Income Housing Tax Credit (LIHTC)
  • Real estate financing
  • Traditional debt, private equity and crowdfunded financing
  • Zoning and land use

Questions? Contact one of our Property Management attorneys.