The tenants in the hotel and retail sectors cannot always refer to the coronavirus pandemic as a force majeure
Restrictive measures due to the coronavirus pandemic are particularly sensitive for hotel and retail tenants. Many are unable to manage the rent through no fault of their own, but at the same time, the landlord does not have to accept the claim for a reduction in rent due to the loss.
According to an expert from the Kapolyi Law Office, businesses operating in the tourism sector are to some extent protected by a government decree on emergencies, but in the retail sector, it seems that only an agreement between landlords and tenants can provide a solution. The reference to force majeure would not be easily defensible in any sector.
Related news
Measures taken regarding foot-and-mouth disease are effective
Hungarian disease control measures against the foot-and-mouth disease virus are…
Read more >Could the foot-and-mouth disease epidemic further worsen store prices?
After fifty years, foot-and-mouth disease has reappeared in Hungary, which…
Read more >István Nagy: in recent years we have consciously helped animal keepers in preventing epidemics and animal diseases
Food of animal origin placed on the market in Hungary…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >