A consequence of the COVID-19 pandemic is that many companies are unable to operate their businesses partially or completely. As a result, they have been compelled to seek relief from their landlords, vendors and lenders.

This has imposed tremendous strain on property owners which themselves have debt to service. In order to preserve precious liquidity, property owners may need relief (deferral, forbearance, restructuring, extension) from their lenders and real property owners may consider withholding payment on their mortgage indebtedness.

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