Tenant Application For Rent Relief

Tenant Application For Rent Relief

All information provided will be used to assess your request and current situation. To consider your request for rent relief, the application must by fully completed and all supplemental documents must be included with the application. Upon receipt of the entire package, your application will be analyzed and you will be notified of the status of your request in writing within approximately 30 days from the date we received your completed package.

It is important for you to understand that if any rental accommodation is granted to you, one or more of the following conditions may apply:

Landlord’s option to cancel the lease.
Personal guaranty or letter of credit.
Change in term or other lease language provisions.
Implementation of business plan to increase sales.
Solution to physical problems (maintenance, HVAC, etc.), if applicable.
Quarterly reporting of profit and loss.
More detailed reporting of sales.
Increased late payment penalties.
Confidentiality Agreement (non-negotiable).

Who is your Property Manager?*

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Tenant Name*

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Address*

Reason for requesting relief:*

Your Specific Request for Rent Relief

How Much?*

How Long?*

How will savings be used?*

How will you handle any current accounts receivable balance?*

What Steps are you Taking to Improve your Business?

Merchandising*

Advertising*

Operations*

Increasing Sales*

Decreasing Expenses*

Is this a franchise?*

Yes

Franchise Owners

Is the Franchisor providing any type of reduction/relief of franchise or royalty fees?*

Yes

As a Franchisee, what is the Franchisor willing to do to help?*

How much is the relief?*

What is the length of time the relief will be given?*

Other Resources

What other resources are you considering to alleviate your current situation? (i.e. Bank Loans, etc.)*

What are your major merchandise categories and how do they perform in relation to sales?

Merchandise Category & Percent of Sales*

Please list each of your merchandise categories as well as what percentage of your sales they account for. (i.e. Clothing - 30%)

Other Areas of Concern

Are there other areas of concern that are affecting your business?*

Yes

Please list other areas of concern that are affecting your business:

Please attach the following supplemental documents*

INCLUDE CURRENT YEAR PLUS TWO (2) YEARS OF PRIOR STATEMENTS, IF APPLICABLE:

Balance Sheet
Income Statement
Cash Flow Statement
Personal Tax Returns
Business Plan
Marketing Plan

Drag and drop files here or

*****CONFIDENTIALITY AGREEMENT WILL BE PROVIDED*****

By checking the box below, Tenant specifically acknowledges and agrees to the following:

Landlord reserves all rights and remedies. No obligation concerning any contemplated abatement or deferral exists unless and until an amendment is executed and delivered by Landlord and Tenant in the respective sole discretion of each, and no reliance may be made on any agreement, representation, warranty or other matter, since a fully executed and delivered amendment is the sole potential agreement of the parties with respect to this potential revision. Landlord’s consideration is strictly voluntary, as a possible accommodation in response to Tenant’s request. If Landlord (in its sole discretion) agrees to an accommodation, then, in the event of a breach or default by Tenant under the lease, Landlord reserves all rights, remedies and claims, as a matter of law or equity, expressly including those provided in the lease. Without limiting the foregoing, any abatement or deferral of rent is conditional and, if Tenant is in breach or default under the lease, then all amounts deferred or abated shall be fully reinstated, and shall be accelerated and shall be due upon written demand from Landlord to Tenant.

Tenant Agrees to the Above Message*

Your First Name*

Your Last Name*

Your Title*

Date*

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