Resolving Late Rent
I recently became an asset manager and learned that one of the tenants has not paid rent Dec 2019, Jan 2020, and Feb 2020 (3 months total). The tenant is current on all rent after Feb 2020. We reached out to the tenant to make them current for outstanding rent charges and they have asked to amortize their outstanding rent over their remaining lease term or pay the outstanding rent at the end of their term. My strategy was to have them pay double rent for the next 3 months or pay in one lump sum on their next rent due date. 

Is this is a good way to approach or any other strategies I should utilize? 

Thank you in advance for any responses.
[{"id": "g14ssgc", "text": "Require a lease extension as part of the lease amortization.", "replies": [{"id": "g14t4if", "text": "Thank you. The lease ends in 2023 and the financials are not strong. My thought was having them pay as much as they can as early as they can in case of default.", "replies": [{"id": "g14v8mk", "text": "Or your double rent payments could force them into default, and you have no rental income.\n\nAmortizing over the remaining term not an option?", "replies": [{"id": "g14wqoc", "text": "Amortizing is an option, but the concern is the weak financials.", "replies": [{"id": "g193uaj", "text": "do both.  If they are struggling with normal rent double rent isn't going to happen.  Get an extension and spread the missed rent out", "replies": [], "depth": 5}], "depth": 4}, {"id": "g15iqrb", "text": "Thak s again! Ultimately I am going with amortizing rent. They do not have a guarantor and rent currently attributes for 22% of revenue. Hopefully they keep paying.", "replies": [{"id": "g15m7bu", "text": "Oof, yeah hopefully this break is just what they need to get through this and get their business in gear.\n\nLandlord tenant relationship works best when you\u2019re both working together.\n\nI called my commercial tenant back in April and asked how they were doing and volunteered concessions, they declined! I also take their ownership team out to a nice dinner once per year.\n\nGood luck!", "replies": [{"id": "g15mpkk", "text": "Thank you! This is my first time asset managing after being an analyst, so it should be a fun experience to learn during a pandemic. The experience so far is a lot more personal/subjective vs. just running the numbers.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g15dnt7", "text": "Dble rent? I will be happy if they can pay regular rent.", "replies": [{"id": "g15ip5r", "text": "Ultimately I am going with amortizing rent. They do not have a guarantor and rent currently attributes for 22% of revenue.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g1t1t38", "text": "Get a payment plan with them in writing that gets them to repay it over the next 3-6 months.", "replies": [], "depth": 1}]