Saturday May 30, 2020

Commercial lease issues that could arise during Covid-19 and how to deal with them

As many premises are forced to close temporarily, landlords and tenants can take several different options towards rent and service charges. As with all business negotiations, a flexible approach will help both sides in future relationships

29th March, 2020
Businesses that have had to close during the coronavirus crisis may have to negotiate rent-free periods or deferrals with their landlords. Picture: Fergal Phillips

One of the key areas affected by the coronavirus crisis is the temporary closure of business premises in order to adhere to guidelines on social distancing issued by the government.

Where businesses such as office, retail, hospitality or industrial occupy a building with a commercial/occupational lease, important issues arise for both landlords and tenants.

While landlords will be anxious for rent, service charges, rates and all other outgoings to remain up to date in...

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