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 .