Malls are charging full rent and are closed to the public. This is a negotiating ploy. They pay large rent because of the traffic the malls are supposed to bring. The restaurants are creating their own traffic now. The corporate landlord will put their tenants out of business and then their malls will be empty. I already am seeing these situations and I would advise my clients not to pay rent. Everyone is going to have to take a haircut for the good of society as there are government ordered shutdowns.
Yeah, Cheesecake not the first. I read last week about a couple big name companies saying as much. Forget which ones. They have a case. They are renting space zoned for commercial use. If commercial use is being allowed on that property, whether it's local zoning issues, a state directive or national not allowing that property to be used for commercial use why should rent be paid. Even though it not the landlords fault , that property is no longer allowed to conduct business.
