The COVID-19 outbreak has resulted in unprecedented business situations for all of us. Construction jobs have been temporarily shut down, non-essential businesses are being forced to suspend their physical operations, businesses are implementing, either voluntarily or by necessity, work from home e procedures, and the list goes on, not to mention the human toll that this crisis has had. The sudden change to business operations may leave you wondering about the status of in-process real estate transactions, whether there are any rent relief provisions included in your lease, how to physically execute documents when all parties are working remotely, etc.
McCall & Almy strongly suggests you speak with your broker to discuss the specifics of your situation. Our team has had some recent success in calling landlords, on behalf of our clients, to discuss and resolve many issues similar to those above. We have found that a pragmatic, business-oriented approach yields good results – at least for the time being.
If you are uncertain as to whether your company will need assistance now or in the future concerning your real estate obligations, please reach out to a member of the McCall & Almy team. One of our team members will work with you and your landlord towards the best available resolution.
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Senior Vice President, Marketing