A short update from our experts in key locations across Europe comparing government responses and assessing if and to what extent the obligation of tenants to pay rent is affected.
The Covid-19 pandemic has created challenges for the commercial real estate sector – whether caused by lockdown strategies, cash flow interruptions or general economic uncertainty and disruption.
Some governments have quickly enacted specific laws to respond to some of the immediate challenges, others have left the market to rely on pre-existing laws and regulations. In this note, to assist companies with occupational and/ or investment interests in key locations across western Europe, we offer a high level comparison of the position for landlords and tenants of commercial premises in Germany, France, Italy, Spain and England & Wales (looking specifically at real estate issues and not wider business support).
The contents of this publication are for reference purposes only and may not be current as at the date of accessing this publication. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action based on this publication.
© Herbert Smith Freehills 2020