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Asked on May 22, 2020 ,  3 answers Visitors: 81
Is it possible to renegotiate with commercial landlords as a result of business losses due to COVID?

3 Answers

Anonymous
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Posted on / May 22, 2020 19:34:34

Um... this platform is not for anyone to tell attorneys what to say. Did you know a our answers are available in google searches? That is a to say, they educate others, not just the person posting.

Just saying...

ECS

Anonymous
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Posted on / May 22, 2020 18:45:51

Contracts are ALWAYS negotiable and by definition, re-negotiable. If you're a good tenant, your landlord should want to work with you. They know it's not just you, and they'll have a very difficult time finding any new tenants right now if they choose to be intractable and maybe lose their current tenants.

That's not to say that they WILL want to work with you. Commercial landlord are sometimes big multi-national corporations.

I don't know them or their situation. But it doesn't hurt for you to ask for some abatement/deferment, given this pandemic crisis.

Anonymous
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Posted on / May 22, 2020 17:28:40

Yes, there have been multiple agreements to mitigage the impact of COVID when it comes to commercial leases... all the way from waiving 50% to 100% of a month or two ... to delaying 50% of the rent on an agreed upon future payment schedule. Every landlord and every tenant is different ... so, a free initial consultation by video call would be your next step. Shawn Jackson - Business Development Attorney.

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