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Most landlords are not being open to working out deals as they are holding on to the same optimistic sentiments expressed in so many comments here. They think t
by ta1234567890 7y ago
Most landlords are not being open to working out deals as they are holding on to the same optimistic sentiments expressed in so many comments here. They think their properties are very valuable and that they'll find new tenants without too much trouble.
Technically any business can file for chapter 11, but it costs about $100k+ minimum in legal fees (at least in California). Most small businesses cannot afford that.
- Exmoor 7y agoIt will certainly be interesting to see how long it takes landlords to realize that there's about to be a ton of retail space on the market and that trying to absorb a couple months of not collecting rent from their businesses may make them more money in the long run than forcing a business to close and enduring 8/12/24 months of having an empty storefront.
- ta1234567890 7y agoWell, that's exactly what a recession looks like. Almost everyone will be worse off, it's going to be really hard for millions of people and businesses. Even for the large companies that are getting bailed out now.