The landlord is a corporate loan from a commercial bank. After the loan expires (including after the extension), if it cannot be recovered on schedule, it is called borrowing new loans to repay part or all of the original loans.
2. Borrowing the new and repaying the old is beneficial for commercial banks to complete the task of revitalizing and collecting loans, overcome the legal restrictions of litigation, further clarify the relationship between creditor's rights and debts, and may require borrowers to improve or strengthen guarantees and weaken the risk of spot loans.
You want to pay off the loan first, and then apply for a loan from the bank. This is a new loan application process. Of course, it is not what you call "borrowing the old and returning the new".
4. Why is there such a loan to borrow the new and return the old? Borrowing the new and returning the old is mainly a means used by commercial banks to control the balance of non-performing loans, re-implement guarantee procedures, avoid the risk of non-performing loans and delay the repayment period of loans (similar to loan extension).