Assessing business interruption claims for real estate owners

 Assessing business interruption claims for real estate owners
The pandemic did not stop fires, floods, looting and other physical property damage, and an increase in cyberattacks from impacting the businesses that continued to operate during the past year. (Photo: Ezume Images/stock.adobe.com)

The COVID-19 pandemic has certainly created difficulties and presented obstacles for every man, woman and child. Perseverance, determination and innovation are the abilities that have kept us all afloat, especially businesses, over the last 15 months. The pandemic has affected all industries undoubtedly, and some select niches for the better.

Take the real estate market, for instance. While some landlords have continued to collect their rent without fail, others have had to create ways to hopefully collect all rent due before the tenant moves out, usually offering additional consideration/discounts for renewals and tacking on the prior unpayable rent due/foregone to the end of the lease.

For…

Read full article…www.propertycasualty360.com