Most retail leases limit a tenant’s ability to claim a rent abatement based on business interruption or force majeure clauses, which either exclude pandemics or don’t relieve a tenant from paying rent.
Tenant lawyers say they are insisting these clauses become a part of new leases.
It’s called force majeure, they may already have it.
I have a solution if the bill is drafted & passed. Please DM I am looking for FT job & board seat. SimonPropertyGp
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