Simon Property Group sues Gap Inc. over $65.9M in unpaid rent

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5 thoughts on “Simon Property Group sues Gap Inc. over $65.9M in unpaid rent

  1. The pay rent to be in a mall that is OPEN. No way should they be expected to pay full rent in a closed mall. Maybe reduced, but not full by any means.

    1. Hence my comment about “maybe reduced”… I’d like to think the landlord (Simon) would work with companies during these difficulties instead of working against them.

  2. I haven’t had anyone ask me to renegotiate leases– but I’m anticipating the possibility , and I can assure that it’s a nail biter-/ my overhead has not been reduced , property taxes will go up to pay for pandemic spending — real estate is NOT fluid with liquidity . Rents are carefully negotiated to be fair and still make a living . Real property owners seem to be on everyone’s hit list- taxes for raids schools infrastructure assessments and on and on. Problem with not paying your landlord is… spending other people’s money can only be done until it’s gone. Then what ?

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