Tuesday 9 June 2020

Landlords sue Big Retail as missed rent payments pile up

Before the coronavirus, retailers like H&M and Urban Outfitters were the kinds of companies that landlords targeted. Owners laid out pricey incentive packages and heavily courted these “credit-worthy” tenants — the kind with hefty balance sheets and a history of always paying rent. Now, as a number of those formerly blue-chip businesses have continued to withhold their monthly payments even after stay-at-home orders lifted, a growing number of landlords have been taking them to court.



source https://therealdeal.com/2020/06/09/landlords-sue-big-retail-as-missed-rent-payments-pile-up/

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