landlords – Coronavirus (COVID-19)

September 29, 2020September 29, 2020 by Duane Morris

New Jersey: Expansion and Reopening of Small Landlord Emergency Grant Program

On September 29, 2020, the New Jersey Housing Mortgage and Finance Agency (NJHMFA) announced the expansion and reopening of its Small Landlord Emergency Grant (SLEG) Program to assist vulnerable renters across New Jersey by covering their missed rent from April through July 2020.

The program will reopen Monday, September 28th, at noon and will run until Tuesday, October 13th at 4:00 p.m.

To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.

April 21, 2020September 18, 2020 by Duane Morris

Maryland Temporarily Prohibits Commercial and Industrial Evictions

Maryland Governor Lawrence J. Hogan issued Order Number 20-04-03-01 on April 3, 2020, which amends and restates an order previously issued on March 16, 2020, that, among other things, temporarily prohibits evictions of tenants suffering substantial loss of income due to COVID-19. The new order expands the coverage of the original order to temporarily prohibit commercial and industrial evictions.

To read the full text of this Duane Morris Alert, please visit the firm website.

April 8, 2020September 3, 2020 by Duane Morris

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.

To read the full text of this post by Duane Morris partner Rick Hyman, please visit the Duane Morris Business Reorganization and Financial Restructuring Blog.