Advice for affected tenants (and their landlords!)

Having trouble paying the rent? Then get as soon as possible into consultation with your landlord!

A landlord is of little use to a tenant who goes bankrupt, but as a tenant you don’t want your landlord to go bankrupt either. It is therefore in both your interests to see whether the tenant could pay a little less rent temporarily (which could be compensated again later). That temporarily lowers the pressure. At the same time, it is also important that the landlord can continue to pay his interest and repayments to the bank. So investigate together what part of the rent can be paid to get through this situation together. But above all, make contact with each other and do not wait until it is too late.

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Jeffrey Garza Walker
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Jeffrey Garza Walker is Senior Vice President in Cresa’s Phoenix office who focuses on expanding Cresa’s capabilities in global portfolio services through key industrial clients with requirements in Latin America.