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And the hope would be, the landlords and the banks also get to pause their mortgage/debt liabilities. So commercial property owner doesn't have to pay mortgage, PE firm owning a Hilton doesn't have debt payments, the bank doesn't have to service capital. Everyone just pause.
Hard to do though right? There's such a long-line, a web almost, of financial transactions. In order to make it work for the landlord you must pause: 1. all maintenance 2. insurance 3. property taxes for the bank: 1. employees 2. regulatory requirements 3. interest to customer
very hard to do don't think you'd have to pause all expenses though. just rent/tax/debt-related ones, which solves 80% of the pain biggest other expense is employees. many (esp in retail/food) will be let go. they can collect unemployment until hired back
our county delayed eviction hearings until may de facto rent is paused for some markets
this doesn't seem fair to the landlord the tenant doesn't have to pay rent, but the landlord has to pay mortgage? ban foreclosures, and you just kick it up another level ... now it's not fair to the bank, etc.
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