April 27, 2022
Does the COVID-19 pandemic or statewide shutdown orders excuse a commercial tenant’s obligation to pay rent? Is the COVID-19 pandemic a “casualty” under a commercial-lease clause providing for an abatement upon the occurrence of a casualty? To what extent can a property owner recover unpaid rent from a guarantor, and does it matter what type of guaranty the guarantor signed?
In this short video, Schlam Stone & Dolan partner Joshua Wurtzel answers these questions and discusses the state of commercial landlord-tenant law in New York.