Landlords: Are you charging interest on the deferred rent?
I'm inclined to only charge interest to our big box tenants, but wasn't sure if this was standard. We are deferring 3 months for most tenants and having them pay back over 12 months starting 2021. However, our mortgage payment deferral is due in full after 3 months w/ the additional interest. Trying to limit our time value of money losses.
[{"id": "fszqfb9", "text": "I\u2019d be happy just getting what\u2019s owed.", "replies": [], "depth": 1}, {"id": "ft010zv", "text": "Of course not", "replies": [], "depth": 1}, {"id": "ft03xgo", "text": "We are generally forgiving the rent for a period of time, in exchange for an equal extension of the lease term. No interest, and no lump sum repayment.", "replies": [], "depth": 1}, {"id": "ft0lnl6", "text": "No way. Sounds like a PR disaster", "replies": [], "depth": 1}, {"id": "ft0ybhh", "text": "No", "replies": [], "depth": 1}, {"id": "ft1vamz", "text": "Nope. I\u2019m giving my tenants between 3-12 months to pay me back. No interest.", "replies": [], "depth": 1}, {"id": "ft1yphf", "text": "I've seen structures that were interest-free if repaid by end of 2020 then some interest tacked on beginning in 2021 on anything outstanding. Keep holding your ground with nationals. Help out the mom and pops.", "replies": [], "depth": 1}]