Simon Property Group Suing GAP for Unpaid Rent

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The country’s largest mall owner, Simon Property Group, is filing a lawsuit against Gap Inc. for missed rent payments. The landlord says the company has withheld rent for the past 3 months and owes over $66 million in total, this includes attorney’s fees as well.

A spokesperson for Gap says, they are looking to work with the landlord and mutually agree on fair rent terms considering the affect Covid-19 has had on shopping centers. He even added, in early April, he was considering renegotiating lease agreements with their landlord but never went through with it.

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