Navigating coronavirus: Considerations for rent modifications in the U.S.

As people across the country practice social distancing and are increasingly being asked to shelter-in-place in response to the coronavirus pandemic, Americans are drastically reducing visits to commercial real estate spaces. The effect that this has had on tenants that rely upon such visits to generate income has been severe and immediate. As a result, many tenants and landlords are struggling to deal with cash flow shortages.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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