RECOURSE FOR TENANT DELINQUENCY AND BANKRUPTCY IN COMMERCIAL...
Covid-19 is having a devasting impact on the global economy. It raises significant implications for commercial landlords and their tenants facing the crisis. The landlord is placed in a precarious situation during these times and is encouraged to improve their lease negotiations to protect their rights. There are several measures to help with protection, including comprehensive credit reporting, ensuring a guarantee or indemnity and requesting letters of credit and larger security deposits. These measures can assist should a tenant become delinquent or bankrupt.