The Cheesecake Factory Announces They Can’t Pay April Rent

The Cheesecake Factory is now being hailed as heroes in leading the rent freeze revolution. The major restaurant chain said due to how largely affected they have been financially by the pandemic, they will not be able to pay their April rent for their nearly 300 locations based solely on take-out orders. The company’s CEO David Overton said in a statement, “while we hope to resume our rent payments as soon as reasonably possible, we simply cannot predict the extent or the duration of the current crisis.” This new revelation has highlighted the concerns many U.S. citizens currently have. The government’s announcement to let landlords make rent freeze decisions on their own has left many upset. They strongly believe many landowners won’t voluntarily participate in the freeze. As 3.3 million people reported unemployment this week, the possibility of eviction for millions during the pandemic is becoming very real.