Lower the Rent During the Coronavirus Pandemic

April’s rent is due, and the great majority of small businesses will have trouble making their payments. The situation is unprecedented. And just as the health-care system has been overwhelmed by Covid-19, the legal system will buckle without a simple means for commercial tenants and their landlords to renegotiate leases.

In typical times, when a business tenant isn’t making lease payments, the landlord either negotiates with the tenant to work out alternatives or begins eviction proceedings. Both these paths require time,…

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