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Don't Give Rent Relief Without Any Strings Attached

There are several different types of rent relief, ranging from an all inclusive "gross" rent, to a temporary reduction in base rent, or converting the economic terms of the lease from fixed rent payments to a "percent in lieu" deal, where the tenant's rental obligation is based on a percentage of gross sales generated at the premises. This article describes the options.

29 minute read January 28, 2009 at 10:21 AM
By
Glenn I. Becker
Don't Give Rent Relief Without Any Strings Attached

In today's economic slowdown marked by slumping sales, many retail tenants are increasingly asking for rent concessions, and, in an effort to retain tenants, landlords are acquiescing to such requests.

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