In addition, we have also recently become aware of tenants who have approached landlords, prior to a default, and have asked for rent relief due to the dramatic decrease in business over the last week or so. These circumstances are, of course, impacting landlords as well. We have recently seen a number of tenant defaults (or potential defaults depending on the wording of the relevant lease) which include failing to pay rent and closing down operations for a period of time. The ongoing global pandemic is currently having an enormous impact on commercial retailers, restaurants, and other commercial tenancies in, among other places, British Columbia and Alberta.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |