Coronavirus Impact Updates
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Lauren Parsons Langham
llangham@taylorenglish.com
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Showing 1 post by Lauren Parsons Langham.

Considerations for Landlord on Responding to Tenant’s Request for Rent Relief

Coronavirus

Because of required closures and other challenges facing businesses during this pandemic, many tenants are unable to meet lease obligations and/or asking for concessions from landlords. Rather than wasting precious resources arguing about whether the tenant’s performance is excused based on force majeure, frustration of purpose or other legal concept, consider strategizing with your tenant to come to a mutually acceptable solution. When developing a working solution with your tenants, consider: What do you as landlord need at a bare minimum? What does your tenant need? Are there creative solutions to be had? What resources are available?

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