A Landlord’s Primer For An Uncertain Retail Environment

Landlords are often among the very first to feel the impacts of their tenant’s financial woes. In today’s unpredictable economic environment, many businesses are forced to shut their stores temporarily while the risks of COVID-19 continue to play out. Within the last few days many large and small retailers have unilaterally announced publicly that they would not be paying upcoming rent. In these unprecedented times, landlords must be aware of the risks they face in light of what is certain to be a previously unheard of level of tenant defaults. Noted below are a number of things that landlords should take into consideration and be aware of, both in anticipation of a tenant’s bankruptcy and following such an event. Of course, the discussion below is intended only to highlight certain points and careful consideration must be given to each in the particular circumstances that a landlord may find itself. Continue reading “A Landlord’s Primer For An Uncertain Retail Environment”