QUOTE(icemanfx @ Mar 26 2020, 10:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.
for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.
at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
I agree. If the tenant goes out of business, the landlord would lose rent and possibly get involved in a lawsuit, which would cost him/her more $ and trouble. How would a landlord choose between a) getting 50% rent for a year; or b) losing total rent until you get a new tenant, with cost and trouble for a lawsuit, commission fee and other costs for a new lease?for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.
at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
Mar 26 2020, 10:46 PM

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