As you reopen, tightly managing expenses will likely be one of your top priorities—and your rent may be one of your largest expenses. If you haven’t already, consider reaching out to your landlord to see if there’s an option to renegotiate the terms of your lease. It may be a good idea to call your lawyer for advice and direction prior to having a conversation with your landlord.
While it’s probably unlikely that new tenants will be banging on your landlord’s door wanting to pay a good price for your space, you’re likely in a binding contract that doesn’t have an out clause that will apply during this crisis. Possible renegotiation options may include rent deferral, rent relief and the possibility of rent reduction.