With Rent Due, Leases Don’t Give Retailers and Restaurants an Easy Out

Chains hope for government assistance that includes financial relief

A photo of the Cheesecake Factory
Cheesecake Factory is among a number of retail and restaurant chains opting not to pay rent while stores are closed. Getty Images

Key insights:

For retailers and restaurants opting not to pay rent to their landlords, contractual language in their lease agreements is not likely to provide much relief, according to industry sources who asked for anonymity due to the sensitive nature of negotiations.

@RichCollings richard.collings@adweek.com Richard Collings is a retail reporter at Adweek.