Stakeholders have largely been understanding and flexible as well. "The majority of the stakeholders have been reasonable under these circumstances. While there are certainly disagreements in the interpretation of prevailing property documents, the majority of stakeholders are working with integrity to identify thoughtful solutions.  Each has a common goal," says Rizika. "When the tenant succeeds, the landlord succeeds."

Overall, most landlords and tenants have worked together to create solutions. "We have witnessed tremendous creativity to enable win-win solutions to a horrific but unforeseen scenario. In this case, neither the tenant nor landlord is at fault and are aligned to fight a common enemy," says Rizika. "They are fighting the impact of  COVID-19."

The impact of this crisis is still being realized, and while the government has worked to provide financial assistance, more could be needed. "It is too early to gauge the level of federal financial support that will be required," says Rizika. "The focus on the impact of the economy living under a shelter-in-place" ordinance is the first part of the recovery effort. However, we need to learn more about the economic impact of returning to "the new normal". Setting up supply chains and rebuilding consumer confidence when returning to social gatherings will not occur overnight. Economic stimulus will likely be required through the entire process."