REAL ESTATE: To pay, or not to pay – the rent
It’s a big question for businesses struggling amid the disruption of the COVID-19 coronavirus outbreak: Should I pay rent this month?
Following frequent queries on the topic, the CohnReznick Real Estate LLC team has put together an overview of key legal and business issues to contemplate before not paying, including:
• Impacts of different lease provisions in the event of default
• Short-, mid-, and long-term consequences
• Next steps and recommendations
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