COVID-19 and its implications on commercial lease obligations

COVID-19 has caused great uncertainty for landlords and tenants as to how their commercial lease obligations are being impacted by this spreading virus. Namely, what rights do tenants have if they are unable to open their doors as a result of either government prohibition or a more general fear of the virus’ possible harms? With regard to landlords, what remedies are available if they are under leases to one of the thousands of tenants that have witnessed their businesses upended as a result of the virus’ impact? 

Click here to continue.