Pandemic clauses give retail landlords, tenants a new lease on life
Shutdowns caused by the COVID-19 pandemic have dealt a huge financial blow to the retail industry, prompting commercial landlords to include rent relief concessions in the leases of existing and prospective tenants in a bid to sustain occupancy.

The addition of so-called “pandemic clauses” in commercial leases is designed to allow tenants to defer part of their rent if the government orders another shutdown to curb the spread of COVID-19...
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RSK: This can be a can of worms in itself. Unless you spell out events it will be open to litigation in my mind.



- - Volume: 8 - WEEK: 37 Date: 9/8/2020 8:22:58 AM -