Fashion Mannuscript published an article by Tax Partner James Philbin and Retail & Consumer Products Co-leader Ronald Friedman, about COVID-19 relief for retailers.
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.
Coronavirus Resource Center
Have more questions about the impact of the coronavirus on your business? Visit Marcum’s Coronavirus Resource Center for up-to-date information.