A: Ohio Governor Mike DeWine signed Executive Order 2020-08D on April 1, 2020, which addresses commercial evictions and foreclosures in Ohio during the COVID-19 crisis. The purpose of the order is to provide relief to small business tenants and commercial real estate borrowers who may be feeling the economic impacts of the COVID-19 pandemic.
The fact that this is an executive order is a bit misleading. The order contains requests rather than demands. Governor DeWine wishes to combat the potential destabilizing impact commercial evictions and foreclosures could have on local economies during Ohio’s stay at home order. Executive order 2020-08D applies to commercial tenants and borrowers who face “financial hardship due to the COVID-19 pandemic.”
The order contains the following requests:
- Landlords are requested to suspend rent payments for small business commercial tenants in the State of Ohio who are facing financial hardship due to the COVID-19 pandemic for at least ninety (90) consecutive days.
- Landlords are requested to provide for a moratorium of evictions of small business commercial tenants for a term of at least ninety (90) consecutive days.
- Lenders are requested to provide commercial real estate borrowers, who have a commercial mortgage loan for a property in Ohio, an opportunity for a forbearance term of at least ninety (90) consecutive days for said mortgage as a result of financial hardship due to the COVID-19 pandemic.