<div><div dir="auto">My plartner is a commercial business owner as well, hearing the same from his many tenants who have had to close. </div><div dir="auto"><br></div><div dir="auto">I look forward to hearing what others have to say.</div></div><div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Mar 20, 2020 at 4:22 PM Matt Yates <<a href="mailto:matt@yatesmarshall.com">matt@yatesmarshall.com</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal">We have had one commercial property owner client receive a request from a brewery/foodservice tenant for rent relief. Tenant’s letter indicates that it is taking due diligence cost cutting measures to reduce its costs as low as possible
but rent is obviously still a significant portion of monthly expenses. Accordingly, since tenant is now effectively closed, it is asking for some rent relief to try to weather this storm. Generally, I am advising my client to take a long term perspective
even if that includes some short term shared pain. We are having a call Monday to discuss specifics but one idea we are considering is an extension of the lease term by the equivalent of any months that rent is reduced. Client also suggested trying to make
up any current discount on later months which may or may not be a realistic option given a likely economic downturn. Low hanging fruit is simply reducing rent but in these unusual circumstances I’m curious what objective ways there are to share the pain in
an effort to get to a productive outcome. <u></u><u></u></p>
<p class="MsoNormal"><u></u> <u></u></p><a href="https://www.google.com/maps/search/10000+NE+7th+Avenue,+Suite+200+%0D%0A+Vancouver,+WA+98685?entry=gmail&source=g">
</a><p class="MsoNormal">I presume that others have clients that are seeking advice on similar matters. Would anyone care to respond with ideas or strategies? Tenant and Landlord perspectives are welcome.<u></u><u></u></p>
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<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Matthew D. Yates<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Attorney at Law<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Yates Marshall, PLLC<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><a href="https://www.google.com/maps/search/10000+NE+7th+Avenue,+Suite+200+%0D%0A+Vancouver,+WA+98685?entry=gmail&source=g">10000 NE 7th Avenue, Suite 200</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><a href="https://www.google.com/maps/search/10000+NE+7th+Avenue,+Suite+200+%0D%0A+Vancouver,+WA+98685?entry=gmail&source=g">Vancouver, WA 98685</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Phone: (360) 449-6100<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Fax: (360) 449-6111<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><a href="mailto:matt@yatesmarshall.com" target="_blank">matt@yatesmarshall.com</a> (<b>New Email Address</b>)<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><a href="http://www.yatesmarshall.com" target="_blank">www.yatesmarshall.com</a><u></u><u></u></span></p>
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<a href="http://mailman.fsr.com/mailman/listinfo/wsbapt" rel="noreferrer" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></blockquote></div></div>-- <br><div dir="ltr" class="gmail_signature" data-smartmail="gmail_signature">Plese excus the brevite and any tipoes. This emale was sent from Marsha's stoopid iPhone.<br><br>Marsha C. Hudson
Attorney at Law #23330
<br>3221 NW 62nd St<br>Seattle, WA 98107<br>Telephone: 206-297-3933<br>Fax: 206-357-9356
<a href="mailto:marsha@griffyn.us">marsha@griffyn.us</a>
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