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Restaurant Tenants Renegotiate Rent and Mortgages

Restaurant Engine

A new report confirms what many already knew: mortgage delinquencies are hitting record highs. mortgage borrowers are delinquent on payments — their worst rate since January 2016. Not included are an additional 8% of mortgages now in forbearance. retail commercial mortgages tripled from 3.67% in April to over 10% in May.

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What It’s Like to Negotiate With Landlords Right Now

EATER

Hospitality lawyer Jasmine Moy visits Eater’s Digest this week The biggest factor determining whether a restaurant or bar business can survive this pandemic — more important than pivots or its customer base or neighborhood — is the relationship between the tenant and the landlord. Jasmine Moy: Sure. Daniel Geneen : Right.

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Landlords Lose Money When Restaurant Properties Sit Vacant, So Why Not Give Rent Relief?

EATER

Property owners with bullish views and big cash reserves see no reason to give tenants any breaks Every day, David Helbraun feels like banging his head against the wall. The space is already listed for rent online , starting in October. High Street on Market isn’t the only popular restaurant to announce closure recently.