Some will open a new business elsewhere. The landlords are shortsighted because demanding rent of someone who can’t pay is insane. It’s not like there are dozens of people lining up to take that space and an empty building doesn’t pay the landlords mortgage.
There is an idea for a tax break for landlords who forgive rent payments.
I agree it is short-sighted, but of the landlord is on the hook for the property taxes I understand why they need the rent in arrears. Think of these rent payments as the landlords’ “pay checks”, and make them whole as the Paycheck Protection Program did for workers.
[The landlords are shortsighted because demanding rent of someone who can’t pay is insane. It’s not like there are dozens of people lining up to take that space and an empty building doesn’t pay the landlords mortgage.
There is an idea for a tax break for landlords who forgive rent payments.]