Mall Operator Taubman Centers Tells Tenants They Must Pay Rent
Despite virtually all retail stores being ordered closed due to the coronavirus pandemic, regional shopping mall operator Taubman Centers (NYSE: TCO) is telling its tenants they must continue paying their rent.
Taubman says if retailers want relief, they should look to their insurance policies for business interruption coverage, but it has its own bills to pay. "All tenants will be expected to meet their lease obligations," the company said in a memo to tenants.
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Source Fool.com