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Updated about 5 years ago on . Most recent reply

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19
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Warren Ginn
  • Specialist
  • Raleigh, NC
3
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19
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Rent Abatement Request From Restaurant Tenant

Warren Ginn
  • Specialist
  • Raleigh, NC
Posted

How do you handle requests for rent abatement from restaurant tenants due to the Coronavirus? Obviously, if they are forced to shut down, I am sympathetic to their situation and want to keep them as a tenant. But an abatement is just forgiving the rent (e.g., lost income that can't be recovered). I would rather defer that rent and have the tenant pay it back over a series of months once they re-open for business. Any thoughts on this?

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6,906
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,501
Votes |
6,906
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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Replied

Tell the tenant to go home and break some cash out of the shoe box under their bed . 

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