PYMNTS-MonitorEdge-May-2024

Rent

Property rented or for rent. Usually fixed periodical return made by a tenant or occupant of property to the owner for the possession and use thereof especially : an agreed sum paid at fixed intervals by a tenant to the landlord.

British Merchant Group Warns Government Help Not Enough
British Merchant Group Warns Government Help Not Enough
May 10, 2020  |  International

The British Retail Consortium has said the U.K.’s financial aid measures haven’t been enough to stop a total collapse for many retailers. In a letter...

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Fewer Renters Pay On Time Amid The Coronavirus
Fewer Renters Pay On Time Amid The Coronavirus
May 01, 2020  |  Economy

Amid decreasing consumer confidence and increasing job losses, the economic impacts of the coronavirus continue to build. While 91.5 percent of renters in buildings that...

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Retailers Seek Pandemic Relief Measures In Their Leases
Retailers Seek Pandemic Relief Measures In Their Leases
April 29, 2020  |  Retail

To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. Many retail leases restrict the occupant from seeking...

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McDonald’s, Franchisees At Odds Over Deferred Fees, Worker Protection
McDonald’s, Franchisees At Odds Over Deferred Fees, Worker Protection
April 15, 2020  |  Coronavirus

McDonald’s Corp. put a kibosh on a request by its more than 1,600 franchisees which own and operate nearly all of the chain’s 14,000 U.S....

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Big Retail, Landlords Fight Over Rent At Closed Stores
Big Retail, Landlords Fight Over Rent At Closed Stores
April 14, 2020  |  Retail

There are battles brewing between landlords and large company tenants that haven’t paid rent during the coronavirus pandemic, including luminary names like Petco, Dick’s Sporting...

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April Rent Unpaid By 31 Pct Sparking Fears Of What Is Ahead
April Rent Unpaid By 31 Pct Sparking Fears Of What Is Ahead
April 09, 2020  |  Coronavirus

Over one third of Americans didn’t pay rent by April 5, triggering fears of what could be ahead for May and beyond, according to data...

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Data: US Households Paying Rent Dropped 12 Percent From March
Data: US Households Paying Rent Dropped 12 Percent From March
April 09, 2020  |  Coronavirus

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result...

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ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry
ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry
April 06, 2020  |  Coronavirus

It is not an easy time to be in the fitness business at present as gyms, fitness studios and wellness providers nationwide have been forced...

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North American Burger King Franchisees Get Rent Break, Cash Help
North American Burger King Franchisees Get Rent Break, Cash Help
March 30, 2020  |  Coronavirus

Burger King parent Restaurant Brands International will defer rent and boost franchisees in North America with extra cash as part of its response to the...

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