Over recent years, the repurposing of buildings has increased significantly in Germany. While there was previously a tendency to demolish buildings and replace them with a new building, it has now been recognized that...more
In the global real estate industry, there has been little escape from tales of economic woe recently. But there are still many with money to spend, and given the uncertainty around office, retail and leisure following the...more
On April 1, 2020, an exemption from the landlord's termination right comes into force, which protects tenants against the loss of their apartment or commercial space in the event of late payment of the rent. However, this...more
1/29/2021
/ Commercial Leases ,
Commercial Tenants ,
Contract Terms ,
Coronavirus/COVID-19 ,
EU ,
Germany ,
Landlords ,
Rent ,
Rental Property ,
Tenants ,
Termination Rights
Tenants who cannot longer pay their rent due to the effects of the COVID 19 pandemic do not have to fear a termination of the lease agreement by their landlord due to late payment as per § 543 (2) clause 1 No. 3 of the German...more
With our blog post of December 14, 2020, we had already pointed out the corresponding legislative initiative. In record time, two new provisions on commercial leases (excluding residential leases) were subsequently adopted on...more