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Updated 9 months ago,
Rent Abatement Request?
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