Some of the COVID-19 coronavirus issues as they pertain to commercial real estate landlords, tenants and lenders.
A few key takeaways:
- A Force Majeure provision does not necessarily alleviate the tenant from having to pay rent.
- Some landlords are seeking to provide some kind of relief to tenants, especially to small and mid-size firms in the most affected segments.
- While most tenants have received legislative relief, landlords largely have not.