Commercial Lease obligations in a pandemic

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To say that commercial landlords and tenants are facing challenging times is an understatement! The effects of the novel coronavirus COVID-19 are pushing countless businesses to the limit.

The lease relationship is crucial to the businesses and finances of both landlords and tenants, and the lease document is at the centre of this.

The age-old questions “What happens where a tenant can’t afford the rent?” and “Can I get out of my lease?” are being asked constantly at the moment.

The answer for both landlords and tenants is: Get legal advice early, and then communicate.

Each lease is different. Knowing your rights and obligations is important as the starting point before communicating with the other party.

Our team can review your lease and identify the sections which hurt or help you in this situation. The fine print of the lease is important!

When deciding how to approach the other party it is important to base your approach on the legal situation, but also on the context of your relationship.

It is often possible to work together and face the challenges and come out the other side with a stronger commercial relationship. Or, if things go pear-shaped, you need to know what to do.

Want to know more about your commercial lease obligations in a pandemic?

We can help both landlords and tenants of retail shops, offices and commercial premises, and industrial premises.

Contact our team of commercial leasing lawyers to discuss your lease obligations today.

The information provided in this article is for general information and educative purposes in summary form on legal topics which is current at the time it is published. The content does not constitute legal advice or recommendations and should not be relied upon as such. Whilst every care has been taken in the preparation of this article, FC Lawyers cannot accept responsibility for any errors, including those caused by negligence, in the material. We make no representations, statements or warranties about the accuracy or completeness of the information and you should not rely on it. You are advised to make your own independent inquiries regarding the accuracy of any information provided on this website. FC Lawyers does not guarantee, and accepts no legal responsibility whatsoever arising from or in connection to the accuracy, reliability, currency, correctness or completeness of any material contained in this article. Links to third party websites or articles does not constitute any endorsement or approval of those sites or the owners of those sites. Nothing in this article should be construed as granting any licence or right for you to use that content. You should consult the third party’s terms and conditions of use in relation to any third-party content. FC Lawyers disclaims all responsibility and all liability (including liability for negligence) for all expenses, losses, damages and costs you might incur as a result of the information being inaccurate or incomplete in any way. Appropriate legal advice should always be obtained in actual situations.


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