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#CancelRent – What’s Next for Landlords?
April 2, 2020
Across the country, residential tenants, small businesses, and even national retailers such as Cheesecake Factory, Subway, and Mattress Firm have declared war on their landlords by refusing to pay rent on account of the Covid-19 pandemic (“COVID-19”). This has sent shockwaves through the real-estate industry. As of April 1st, residential tenants owe an estimated $40 Billion in rent. Estimates for the commercial sector are not far off. So far, federal, state, and local measures have focused on providing relief to residential and commercial tenants and even to some commercial landlords.
Jason Butterworth, Blake Gerney, Kyle Johnson, Michael De Matteis, Justin Lovdahl and Nicholas Karam