What are renters and landlords doing when rent is due on April 1? One LA City Councilman is fighting for a rent freeze. Also, big chain movie theaters may have deep enough pockets to close for now, but smaller theaters are struggling.
Renters and theaters during COVID-19
From this Episode:
Hemorrhaging up to $30,000/week. Will theaters survive coronavirus?
Greg Laemmle, owner of the Laemmle chain of theaters, says his eight theaters are hurting: “We're hemorrhaging ... probably in the order of $20,000 - $30,000 a week, plus.”...
Freeze rent and mortgage payments until Angelenos work again, urges Councilman David Ryu
The COVID-19 outbreak has led to lost jobs for many people in LA. They may not be able to pay rent. How are they and their landlords dealing with that possibility?