Commercial Property FAQs

Usually only covers situations of damage and Covid-19 and is unlikely to be covered but a tenant could be entitled to a rent suspension due to an uninsured event taking place.

Allows for the cessation of a parties obligations if an event which is completely outside of their control although rare in modern leases.

Whilst it is unlikely to be found in existing leases, tenants negotiating new leases should see seek to include such provisions.

Allows a tenant to terminate ongoing liability if their business is not viable.

Is another business willing to take an Assignment of the Lease?