A
follow-up to PBI's popular Force Majeure and Coronavirus !
The
COVID-19 pandemic has shut down or severely disrupted businesses--big and
small--all across America. Commercial tenants are declaring force majeure at an
unprecedented level to be excused of their rent and other contractual
obligations. Landlords have their own obligations to meet, and many will be
stretched beyond the breaking point by the disruption. There is also a certain
amount of misinformation or lack of understanding as to the alleged ‘magic
bullet’ status of these notices. What are the parties' respective rights
and obligations?
Recorded live on April 6, 2020.