Originally Posted by
percy
Depends on their lease.
During this current lockdown period some leases will require the tenant to keep paying the rent even though the premises are closed. Other leases may allow for rent to be suspended for businesses that provide non–essential services. However, there are a variety of different lease clauses in the market so it is obviously important to check the exact wording of the lease.
Going from Kiwi Income Properties letter I previosly posted, very few of their leases will have an out clause.
I expect other Mall owners to have similar leases.