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What Tenants Are Asking of Their Landlords in Challenging Economic Times

By Randall Arndt
May 26, 2009

The current economic slowdown has been particularly hard on the retail industry. Operating retail stores in times of economic uncertainty has placed most real estate professionals in uncharted waters. Tenants are looking to their landlords for economic relief to meet the challenges of operating their stores without incurring unacceptable losses during these turbulent times. This special issue of Commercial Leasing Law & Strategy discusses difficulties arising in the context of retail leasing.

No matter how strong a retailer's business, all tenants are concerned about the state of the economy and the considerable decline in retail sales in almost every sector of the industry. Tenants are asking their landlords for assistance so they can weather the storm. Many tenants need immediate relief and are frequently finding that their landlords are willing to work with them on various rent concession proposals and other lease modifications.

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