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Client AlertLockdowns, Landlords, & Litigation: Abercrombie & Fitch Flips The Script on Simon Property Group Inc.
August 4, 2020Novel litigation between commercial property owners and tenants arises from COVID-19 lockdowns. Typically, owners sue for nonpayment of rent. But in Franklin County, Ohio, a large retail tenant turned the tables and sued the owner to recoup payments. Posted by David M. Scott and Patrick L. OjeilClient Alert#CancelRent – What’s Next for Landlords?
April 2, 2020Across 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. Posted by Jason Butterworth, Blake Gerney, Kyle Johnson, Michael De Matteis, Justin Lovdahl and Nicholas Karam