The Unintended Impacts Of Not Paying Your Rent

The global COVID-19 pandemic has resulted in an unprecedented impact on our economy, with many businesses closing their doors and working from home, or ceasing operations entirely. This has generated a ripple effect of questions around an occupier’s obligations, most notably their requirement to continue to pay rent. Before you decide to skip out on your rent payment on April 1st it’s crucial to understand the consequences that will have.

Our experience with some of the largest institutional landlords in Canada has shown that rent relief and abatement discussions are not met with any eagerness on the landlord’s part, and many landlords, with institutional owners, have financial covenants, financing agreements and fiduciary obligations in place that preclude such renegotiation being available to all. Having said that, during these extraordinary times, landlords may offer some relief, even where there is no legal obligation to do so.

Since your business is legally bound to abide by the terms of the lease, it’s important to know that any non-payment of rent without agreement from the landlord may have unintended consequences for tenants. So what should you do? There are five steps that organizations should take to fully understand their current positions, your legal and financial obligations and the options available to you. 

Read the full whitepaper here

November 19, 2021

Nonprofit Return to Office: The HR Perspective

COVID-19 has prompted the most notable workplace transformation of our time. As companies rethink how and where they work, HR departments are at the center of this evolution, crafting policies and developing guidance to keep their workforce healthy, productive and supported.
November 18, 2021

From Startup to IPO, Growth Mindset with Absci CFO

On this episode Blake welcomes Greg Schiffman, Chief Financial Officer for Absci, the drug and target discovery company harnessing deep learning AI and synthetic biology to expand the therapeutic potential of proteins. Greg discusses his career journey, the exciting growth from startup to IPO, and how SW Washington and Portland are positioned well to become a biotech hub.