Coronavirus: should commercial landlords grant holiday, suspension or deferral for rent?
For businesses that lease premises, particularly those who operate in multiple locations, rent is one of the biggest fixed overhead costs and therefore it is no surprise that rent requests are being made. It is key, from both landlords' and tenants' perspectives, to be clear on what exactly is being asked for when the terms 'rent holiday', 'rent suspension' and 'rent deferral' are used, often interchangeably as if they mean the same thing.