Lyons Gaddis COVID-19 Alert

This Alert is one in a collection of articles created by Lyons Gaddis in our effort to get important information to our clients regarding the effect of the novel coronavirus (COVID-19) outbreak in the United States.  This Alert focuses on the CARES Act as it relates to tenants, landlords and borrowers.

April 1, 2020
CARES Act Protections for Tenants, Landlords and Borrowers
Cameron A. Grant

Tenants, Landlords and Borrowers should pay close attention to the recently approved the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020. the CARES Act provides borrowers, tenants, and landlords with certain protections with respect to evictions and federally backed mortgages, including the following:

In addition to the CARES Act, Fannie Mae and Freddie Mac have issued additional orders regarding evictions and mortgage forbearance – more information found here.

Attorneys in the Real Estate Group at Lyons Gaddis are available to advise you in relation to your commercial lease matters and other COVID-19 related issues.