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Updated almost 5 years ago on . Most recent reply

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
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Commercial management companies taking a hit .

Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Posted

My neighbor works for a major East Coast commercial property company ( I wont mention name ) They have strip shopping centers up and down East coast . They are delaying the rents on some of the smaller businesses hoping they will be able to recover once things open up . But their large anchor stores are the ones refusing to pay and or only paing a small percentage . Grocery and liquor stores are paying no problem , they are only getting 50% of the rents .  The big boys are claiming Force_majeure . 

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