Leases

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24 04, 2020

Rent reduction on commercial leases during COVID-19 Alert Level 4 Lockdown

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With the totally new situation we have been thrown into due to COVID-19, many people are facing uncertainty about their rental obligations as landlord and tenant. Because lockdown has prevented tenants from accessing their business premises, landlords may be seeking cover from their insurer for their tenant’s rental costs, while tenants may be seeking reduced [...]

14 06, 2011

How to cancel a lease when your commercial tenant stops paying rent

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This article is about what you should and shouldn't do when enforcing your commercial lease against a tenant that has defaulted on their rent payments or another condition of the lease. Do not: Do not take matters into your own hands. Do not physically remove the tenant or the tenant’s property or change the locks. [...]

8 05, 2010

Cost traps for tenants

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Landlords and tenants should be aware of the costs they might incur when leasing commercial premises. This is all the more important in the current economic climate as landlords and tenants need to know what costs to plan for. Each lease is different, so the landlord and tenant's respective obligations will depend on the terms [...]

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