Friday, 8 May 2020

Payment Gap: Landlord sues retail giant for withholding rent at Midtown location

The landlord for the Gap’s Midtown Manhattan location is suing the retailer, which has refused to pay April and May rent citing the state’s stay-at-home order that has kept stores shuttered across the city. The apparel brand has withheld $530,334 in charges — including water and snow removal fees — at its 1212 Avenue of the Americas store, according to Bloomberg. The lawsuit was filed Monday in Manhattan federal court. In the face of widespread



source https://therealdeal.com/2020/05/08/payment-gap-landlord-sues-retail-giant-for-withholding-rent-at-midtown-location/

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