Concessions stand: Wary of another shutdown, retail landlords sweeten pot for tenants

Some retail landlords are offering additional concessions to tenants in case the government mandates another Covid-related shutdown. Landlords are including language in new leases that allows retail tenants to defer part of their rent if the government requires store closures, according to the Wall Street Journal. Many insurance policies did not cover pandemic-related losses, leading landlords to find new ways to keep struggling tenants in place. In one case, EastBanc, which owns and operates 25

source https://therealdeal.com/2020/08/25/concessions-stand-wary-of-another-shutdown-retail-landlords-sweeten-pot-for-tenants/