As the economy rallies to rebound from the COVID-19 pandemic, landlords continue to receive requests from tenants for rent relief. Landlords are accordingly forced to balance the need to meet their own financial obligations with
Parties currently looking to agree terms for new lettings face a significant challenge in negotiating provisions to cover the impact of Covid-19. This is due to both the current uncertainty felt by both landlords and
After an anxious wait for commercial tenants, the Government revealed on 19 June 2020 their plans to further assist businesses through the Coronavirus pandemic. Although further legislative changes will be required before these measures come
The easing of lockdown has had a positive effect on residential lettings. New measures announced by the Ministry of Housing Communities and Local Government on 21st May re-opened the sales and lettings markets. Since then
On June 17, 2020, the Ontario government passed the Protecting Small Business Act, temporarily halting or reversing evictions of commercial tenants and protecting them from being locked out or having their assets seized during COVID-19. MORE.
On 5 June 2020 the Government announced that it had extended the “ban” on evictions by 2 months to further protect renters in arrears as a result of the pandemic. This means that renters cannot now
The Government is due to publish a Code of Practice to support high street businesses through coronavirus which encourages fair and transparent discussions between Landlords and Tenants over rental payments during the coronavirus pandemic and
Only two months have passed since the Coronavirus Act 2020 received royal assent. It already feels like old news that commercial tenants are protected from landlords taking steps to forfeit commercial leases until 30 June
The health crisis, coupled with the economic uncertainty it has caused, continues to adversely impact many commercial leasing relationships. Business closures and social restrictions have made it difficult for many businesses to maintain cashflows. Even
FIRST PUBLISHED 05.01.2020 – Further to Prime Minister Trudeau’s announcement on April 17, 2020, of a program for rent relief for small businesses in Canada, this morning additional details were released as to how the program
Our property team published an Insight on 15 April 2020 outlining the National Cabinet’s Mandatory Code of Conduct for Commercial Leases (Code). The Code was implemented in Victoria through the COVID-19 Omnibus (Emergency Measures) Act
Closed offices, boarded retail shops and empty high streets have become the new landscape across the real estate sector. As the Coronavirus pandemic continues, both urban and rural landlords should be alert to issues that
On Thursday, April 16, 2020, the Massachusetts legislature passed bill H.4647which once enacted will put a temporary moratorium on evictions and foreclosures in Massachusetts in response to the COVID-19 (coronavirus) declaration of emergency. This legislation
Our property team recently published an Insight on dealing with commercial leases in the time of COVID-19, which can be found here. On 7 April 2020, the National Cabinet’s mandatory Code of Conduct for commercial
Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136) to aid individuals and businesses harmed by the ongoing coronavirus (COVID-19) pandemic. Section 4024 includes a temporary moratorium on efforts to evict
As our recent blogs have highlighted, the interests of occupiers, landlords and funders have all suffered during this turbulent time. Rules, regulations and usual practices are continuously changing so here is a bite-sized property-related summary:
LANDLORDS, NOW IS THE TIME TO MITIGATE YOUR DAMAGES Essentially every sector of the economy is seeing effects caused by the daily developments of the COVID-19 pandemic. Amongst the uncertainty of today, it is important
This is the title of a provision in a law designed to mitigate the consequences of the COVID 19 pandemic in, inter alia, civil law. It was approved by the German Bundesrat on 27 March
In recognition of COVID-19’s impact on the ability of Floridians to make mortgage and rent payments, Florida Governor Ron DeSantis issued Executive Order #20-94 on April 2 suspending the ability of mortgage lenders and landlords to bring actions
The COVID-19 pandemic has raised new questions and challenges for commercial landlords and property managers. It is no longer business as usual. The goal for a landlord or property manager during these trying times should
Given widespread financial hardship due to COVID-19, commercial landlords are receiving requests for relief from tenants unable to pay the next month’s rent. Legally, landlords are probably justified in refusing to abate or defer rent,
As detailed in previous alerts, the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) establishes unprecedented economic relief programs for small, medium, and large businesses. These programs will provide trillions of dollars in
On 25 March 2020 the Coronavirus Act (the Act) received royal assent and became active legislation. The Government introduced urgent measures to protect commercial tenants from eviction, which was discussed in our earlier blog .
Many businesses have been adversely affected to an increasing degree by the coronavirus pandemic. In the past few days, complete shut-downs have been ordered for non-essential businesses in several jurisdictions, notably the State of New
Selling a cell tower lease can generate large sums of money but not affect an organization’s ongoing operations. Businesses or other entities with cell leases that are facing financial challenges due to the COVID-19 virus
Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…
In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.
Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…
In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.
