Possible Leniency For Commercial Tenants And Real Estate Borrowers In Ohio!

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April 8, 2020

Governor Mike DeWine issued Executive Order 2020-08D directed at two commercial real estate constituencies affected by the COVID-19 pandemic.

First, for the benefit of small business commercial tenants facing financial hardship due to the pandemic, the Governor “requests” leniency by landlords when dealing with small business commercial tenants in Ohio. Two specific requests are made: (1) that landlords suspend rent payments for at least 90 consecutive days, and (2) that landlords refrain from evicting tenants for at least 90 consecutive days.

Read full article at JD Supra