How should I go about giving rent leniency, to commercial property tenants?
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[{"id": "fl1zpnd", "text": "A lot of tenants are just telling us that they won\u2019t be paying April. Read the force majure clauses in your leases. Depending on the size of the tenant we are either working with them or telling them expect rent to still be paid. The force majure stuff will likely have to be settled by the courts.", "replies": [{"id": "fl79i56", "text": "Most Force Majeure clauses still require rent to be paid though.  It's more for things like responsibility to stay open during certain hours, maintaining the space, etc.", "replies": [{"id": "fl7dbzh", "text": "It can be used to get you out of ALL responsibilities under the lease, including rent payments. These clauses are not uniform though, the specific language in each lease is going to be very important.", "replies": [{"id": "fl7hq0o", "text": "Mine, and I believe most, exclude financial obligations.  I.e. [here is mine](https://i.imgur.com/RGTqUaj.jpg).", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fl330su", "text": "We are telling the tenants that have already reached out to please be patient as we do not know where this is going. We ask them to at least continue to try to pay partial rents and explain to them that we will do our best to continue to work with them as we go through this. \n\nRestaurants would seem a bit hazy under force majeure as many are staying open and taking advantage of the increase in web based delivery services. Any would not worry about that yet. \n\nTry not to be too adversarial. People remember how others get treated in difficult times.", "replies": [], "depth": 1}, {"id": "fl48ic0", "text": "Check your insurance policies for business interruption coverage and talk to your provider on if the pandemic would trigger it. If you have near term expirations coming up, you could also consider some rent relief now in exchange for some additional term.", "replies": [], "depth": 1}, {"id": "fliwdec", "text": "Let\u2019s talk.\n\nWe\u2019re hosting a webinar this Friday with some tips.\n\nhttps://attendee.gotowebinar.com/register/5242899557056040715", "replies": [], "depth": 1}]