Tricky Loan Clauses Can Create Disaster For A Property Owner That Waives Or Defers Rent
Tenants can’t pay their rent because of the pandemic. They ask for abatements, deferrals or other accommodations. Property owners sometimes go along, signing formal abatement or deferral agreements with tenants. Owners may feel they have no choice. They look ahead into a dark future and would rather have tenants in occupancy than vacant space. Or they may just want to be nice because it’s a round…