Article by Stephanie Friese on "A Quick-Response Guide for Commercial Landlords During the COVID-19 Crisis"
In a blog published on April 29, 2020 in CREW Atlanta, Stephanie Friese discusses the do’s and don’ts of commercial real estate landlords amid the COVID-19 crisis.
“Do be sympathetic, but don’t say too much,” explains Friese. “People are seeing businesses they spent a lifetime building circle the drain.” Be sure to keep any written communications expressing sympathy brief.
“Don’t advise a tenant whether they are required to close a business,” says Friese. “Do close common areas of buildings – dining areas, meetings rooms shared by tenants, laundry rooms, gyms and gardens.” Landlords have the right and maybe even a responsibility to take actions that comply with social distancing guidelines.
Friese further explains the importance of not rushing into remedies as a landlord or a tenant without fully understanding all governing documents and consulting with your advisers. This crisis is fluid, and there is a lot of misinformation circulating, so don’t base your decision or action on assumptions or rumors.
To view the full blog, you may click here.