Fashion Mannuscript published an article by Tax Partner James Philbin and Retail & Consumer Products Co-leader Ronald Friedman, about COVID-19 relief for retailers.
Fashion Mannuscript
By Ronald Friedman, Co-Leader, Retail & Consumer Products & James Philbin, Partner, Tax & Business Services
Excerpt:
In addition to the options provided through the federal government’s relief bills, landlords and tenants can consider lease modifications that could be a “win-win” for both parties. For example, the landlord could offer some period of free rent for 2020 as a trade-off for accelerating a renewal option.
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