Landlords, tenants seek middle ground in complicated situation

Tenants, landlords and lenders are scrambling to evaluate -- and possibly renegotiate -- lease and mortgage commitments amid Covid-19 outbreak

  • By Kevin McQuaid
  • | 6:00 a.m. April 3, 2020
  • | 0 Free Articles Remaining!
Mark Wemple. With store closures all over Florida, like here in downtown St. Pete (taken March 27) landlords and tenants will be in active negotiations for months.
Mark Wemple. With store closures all over Florida, like here in downtown St. Pete (taken March 27) landlords and tenants will be in active negotiations for months.
  • Commercial Real Estate
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EYE: Pandemic response

As landlords, their tenants and lenders alike along across the region face an uncertain future replete with barren storefronts, incomplete build outs and looming mortgage payments, experts advise patience, careful consideration of relationships and, above all, communication.

 

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