Commercial Rent Collection in NYC
My commercial tenants hasn't paid their rents since April 2020 (3rd month now) in NYC.  I can't seem to find the information as to what we can do to collect.  Any suggestions?

\- no rent suspension is in effect in NYC BUT we cannot evict until Aug 20th but that might get extended as well. 

\- Is the rent just deferred until further noticed? Is the rent waived? 

\- I understand that businesses are suffering and I'm not forcing them to pay right now. I'm just trying to get a sense of the general feeling of landlords recourse at this time. 

\- Should they be applying for loans to pay the rent?
[{"id": "fso49w4", "text": "No evictions even for commercial? Do you have dialog with your tenant?", "replies": [], "depth": 1}, {"id": "fsoanqu", "text": "A lot of tenants are paying their rent per NAREIT and NCREIF, but retail tenants in particular are in arrears.  It is correct that commercial evictions are paused in NYC, so your biggest leverage is gone, but there will be an after, and presumably you want to have a tenant, and your tenant wants to keep their business.  \n\n\nIt's already been asked if you have a dialog with the tenant, and that's gotta be pretty high on your list of priorities.  If you can weather this without pay from them than now is a great time to renegotiate their lease to get some concessions you wanted last time, but didn't get.\n\nIf you're up against a wall on debt payments, then trying to get partial payments out of them is probably a good idea.  I would stress to them that special servicers and banks make bad landlords, and that their obligation will not disappear after evictions unpause.  Making a deal with you now could allow you both to scrape by.", "replies": [], "depth": 1}, {"id": "fsovdo8", "text": "I would absolutely ask if they've applied for any of the government loans to help pay rent, and suggest they do if it's not too late. \n\nNext I'd work with each of them individually to try to work out rent deferral plans. Ideally you don't waive rent, and work out a plan to have them pay it back over several months in the future.", "replies": [], "depth": 1}, {"id": "fstpcod", "text": "Assuming these are mom and pops? Forgivable loans are for paychecks not rent. Deferred rent is a written agreement between you and the tenant. They owe you rent, they are in breach of contract, you can sue them if you want, not that it would be a very productive endeavor. You need to engage with them and figure out a mutually agreeable solution. Again, they owe you rent. I'd recommend a 3 month rent deferral repaid over the length of the lease with ~4% interest and no prepayment penalty. Get other concessions during the negotiation.", "replies": [], "depth": 1}, {"id": "ft1vuqu", "text": "Right when the PPP started. I provided all my tenants the application. I even collected 2-6 months rent from many of them since you need to spend the money before a specific date.", "replies": [], "depth": 1}]