The COVID-19 pandemic has impacted the operations of many of our Tenants. LB Stone Properties has received requests from Tenants regarding their ongoing obligation to pay rent and charges owing under their leases.
LB Stone Properties’ obligation to pay its employees, lenders, utility companies, insurance companies, maintenance and security companies, and local taxing authorities, to ensure the safety and security of the building and maintain the appropriate level of operations, remains a firm commitment of our organization. The rental income we receive from Tenants is essential in order to meet these obligations. All Tenants will be expected to meet their Lease obligations. Further, Tenants are encouraged to look to their business interruption insurance policies to assist in making the Tenant whole.
If you are requesting temporary rent deferment from your Lease Agreement, please go to LBStoneRentDefermentRequest.
This letter is without prejudice to any other rights and remedies Landlord has under the Lease, at law or in equity, all of which are expressly reserved.
As we move through this unprecedented time, it is our hope that by being diligent we will all be able to return to normal business operations and continue our successful relationship.
LB Stone Properties