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

Please note that every lease is written differently and each state has its own unique laws, so thorough due diligence is never bad advice. Contact CohnReznick Real Estate with any questions or for more information.

_{This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick LLP, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.}