As the first of the month arrives amid unprecedented economic circumstances, a number of commercial landlords are working with their tenants on a case by case basis to try and reach agreeable terms on what rent should look like right now or when it will be paid.
The city of Aspen and Pitkin County, which together own a number of commercial properties from Aspen to Basalt, recently informed their tenants that they can defer April payment to May.
On the private side, the situation is not as straightforward. While acknowledging that the subject is a hot one right now, commercial broker Karen Setterfield said Tuesday, “Every lease, every tenant, every type of business and every landlord is different and unique.” Continue reading
Erica Robbie, Aspen Daily News Staff Writer