Commercial Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Retail tenant not paying rent - Covid Force Majeur
I have some retail tenants who are not paying rent due to force majeure & covid19 Realistically their sales dropped and the government is not allowing them to operate their math tutoring place.As the government is not allowing them to run classes over the summer so they are basically dead in the water. I know I can sue them and force them to pay up as they're also personal guarantor on the lease. But realistically what are my options to cut my losses. Hopefully make a win-win out of a bad situation.