In a recent case, a national retailer informed the landlord that they would stop paying rent due to the Covid-19 situation. After investigation of their circumstances by Hallmark, this request was politely refused (with reasons provided), and the tenant is now paying rent in full.
Hallmark’s collection rate for Mar ’20 was significantly higher than the national average.
Hallmark recently agreed Heads of Terms (due to complete this month) on a lease renewal that not only resulted in long-term security for the client, but also achieved an increase in the rent.
Hallmark, on behalf of another client, also recently achieved a 15% increase in the rent at review.
These accomplishments, reflecting pre Covid-19 rent levels, took place during the COVID 19 crisis.