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Friday, September 25, 2020

Retailers have started paying rent again but are still fighting with their landlords

 https://www.cnbc.com/2020/09/24/retailers-resume-rent-payments-but-are-still-fighting-with-landlords.html

 

  • Less than a third of retail companies paid at least 75% of June rent, according to a study by the National Retail Federation and the investment bank PJ Solomon. 
  • By July, the percentage of rent payers had almost doubled to 65%, it said. 
  • Failure to pay rent in full is creating tension between retailers and landlords. In some instances, the disputes wind up in court. 
  • “I think we will see more litigation,” said one lawyer specializing in retail.

 

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