Friday 20 March 2020

Retailers tell landlords they could stop paying rent soon

Restaurants and other retailers that have seen business screech to a halt because of coronavirus shutdowns are warning their landlords that they may soon stop sending rent checks. Sandwich chain Subway sent a “force majeure” letter to landlords earlier this week saying that it may cut off rent payments if franchisees have to curtail business as government entities order them to shut down or significantly pull back services. “In the event this pandemic compels the



source https://therealdeal.com/2020/03/20/retailers-tell-landlords-they-could-stop-paying-rent-soon/

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