COVID-19 - The Impact upon Commercial Leases
As the world tries to sadly take the measure of the COVID-19 pandemic, all sectors are assessing the risks and impacts, and commercial property is no different.
Landlords need to consider matters ranging from what duties they may be placed under by Health & Safety legislation to the implications of closure of their premises by government, closure by individual tenants and indeed when they might need to close down a development themselves.
Additional costs such as deep cleaning might arise, and the recoverability of such expenses will be an issue. Tenants will be looking at the ability to withhold rent and potentially whether a lease can be terminated.
This live broadcast session will discuss the issues which might arise and how lease drafting may change.
What You Will Learn
This live and interactive session will cover the following:
- Force majeure clauses
- Exercise of break options
- Keep-open covenants
- Service charge consequences
- Frustration of leases
- Landlords’ duties and obligations
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.