Mall vacancies in the U.S.hit a record high in Aprilas retail stores have struggled to stay open after Covid shutdowns. Retailers are searching for new ways to survive, prompting many landlords to offer percentage-rent leases — pegging monthly rent payments to a percentag...
Some states also allow renters, especially older adults, to terminate a lease early due to disability, health conditions, or medical crises that make living in the current home untenable. Usually required is a letter from a local doctor, hospital, or other medical professional attesting to the ...
As the pandemic, COVID-19, affects economic and legislative activity and government intervention persists, landlords and tenants are facing unprecedented challenges. Due to the virus’ impact, tenants may struggle to occupy space and pay rent in the upcoming months. We would like to make you awar...
Business interruption insurance.In general terms, business interruption coverage is an add-on to a commercial policy that protects a tenant against economic losses (such as lost income, operating costs, and the cost of temporary space) due to physical damage of insured property (such as following ...
hunt showdown players are being screwed over due to this company being greedy the servers are poorly maintained which results in major connectively and ping issue get your head out your asses everything isn't about money don't forget why you started this business Date of experience: January...
Negotiating Your Commercial Lease or Renewal in the COVID-19 EnvironmentGrandfield, JeffOntario Dentist
In the wake of COVID-19, commercial landlords are facing unprecedented challenges as they strive to mitigate new risks while maintaining the rapport they have built in their professional communities and with their tenants. As such, it is important for all parties to a lease transaction to ...
Rob Cosslett, deputy fund manager, Schroder UK Real Estate Fund, said: “These latest transactions across our industrial assets have taken place despite the uncertainty caused by Covid-19. Not only is this an encouraging sign for the UK property market but also a clear indication of tenant con...
Due to the severity of COVID-19, the number of lease concessions is expected to be substantial. Following is an overview of the FASB’s Q&A document as well as potential implications for lessors and lessees. Key Provisions Many lessors are, or will be, providing lease concessions to tenan...
South African charter company Aeronexus Corporate (ARN, London Stansted) has been forced to sell and lease back its single 96-seater B767-300ER, ZS-NEX (msn 24865), due to COVID-19-related difficulties. The company now leases the aircraft from Aerotron, according to a regulatory filing ...