COVID-19 Lockdown Level 4 – Implications of Commercial Contracts & Leases
The latest business restrictions announced by the Government will impact a number of commercial contracts and leasing arrangements. We have been receiving a number of enquiries regarding the impact of these events on commercial contracts and leases and, in particular:
- Whether contractual rights are suspended under force majeure clauses?
- Whether there is any rent relief available under commercial leases?
We set out below a general overview on each of these topics but it is important to note that each contract or lease needs to be carefully reviewed in order to properly assess your position.
Marteli McKegg provides a full breakdown of implications.