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Landlords, Tenants Use Imagination to Get Through Pandemic

Landlords and tenants are being forced to rely on some creativity to determine the best way to weather the impact from COVID-19. So reports GlobeSt.com.

Landlords are coming up with deferred payment plans for tenants who they think they will eventually be able to pay and can’t readily be replaced by another tenant, said Luis Martinez-Monfort, founding partner of law firm Gardner Brewer Martinez-Monfort.

For restaurants or stores that won’t be able to make it through the pandemic, landlords are working out opportunities for the tenants to buy out their lease, Martinez-Monfort said.

Read the full article from GlobeSt.com.

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