Rent Abatement Request?

[Alex Martens]

Good evening everyone,

A tenant of mine on a commercial property has been struggling to make ends meet with her cafe. This is not a NNN lease. Her attorney just emailed me a rent abatement request. Long story short, they are requesting to reduce the base rent from $2,000 to $850. She has been in the property for a couple of years now and is still not doing well. My stance is that is that we both signed the agreement, and it shall be adhered to. $850 is way too low to accept. After many problems over the last couple years, I really want to just let the situation take its course and get a new business owner in there. Has anyone ever dealt with this? Thank you in advance for any advice.

-Alex

[Chris Seveney]

@Alex Martens

Try and work on some type of termination agreement with them

When I worked for development company we would deal with this and do abatements for temporary causes but this seems like the business is not going to survive

Be let them out of the lease and get a new tenant in there with a long term lease