COVID-19 is dominating the global news and affecting all areas of business life. For both landlords and tenants, the question arises as to the impact of the COVID-19 pandemic on their lease relationships.
Can the lease be terminated due to a delayed payment? Is there a claim to reduce or defer the rental payment obligation? What else is there to consider? Are there any new special laws and regulations on COVID-19 impact in place?
In this guide you will find a useful overview of the impact COVID-19 has on leases across various jurisdictions. Please note that this comparative analysis is based on our current evaluation and is a subject to further updates and amendments.
Please do not hesitate to contact us in case of any questions or comments or should you have any doubts regarding your lease agreements, before taking any decisions on suspension of rent payments and/or lease termination.
The information contained in this Expert Guide is for general purposes only and does not purport to constitute legal or professional advice from CMS or any other firm and as a consequence may not be relied upon.