COVID-19 - What it Means for Commercial Leases
With 83% of retail premises reportedly closed, and all sectors of the economy suffering drastic and wide-ranging effects of the pandemic and the lockdown, the shock to the commercial property world has been like nothing seen before.
Lease obligations, whether landlord’s or tenant’s, appear not so much as enforcement issues, but hurdles to be surmounted or circumvented.
This 30-minute webinar surveys the legal and practical issues as they have emerged over the last few weeks and considers what options are available for either party to a commercial lease.
What You Will Learn
This webinar will cover the following:
- Exercise of break options
- Keep-open covenants
- Service charge consequences
- Routes to termination of leases
- Obstacles to enforcement
- Issues on rent concessions
This webinar was recorded on 22nd May 2020