Updated over 5 years ago on . Most recent reply
Rent Abatement Request From Restaurant Tenant
How do you handle requests for rent abatement from restaurant tenants due to the Coronavirus? Obviously, if they are forced to shut down, I am sympathetic to their situation and want to keep them as a tenant. But an abatement is just forgiving the rent (e.g., lost income that can't be recovered). I would rather defer that rent and have the tenant pay it back over a series of months once they re-open for business. Any thoughts on this?
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Matthew Paul
#2 Contractors Contributor
#2 Contractors Contributor
- Severna Park, MD
Tell the tenant to go home and break some cash out of the shoe box under their bed .