Trademagazin > News and articles > Market News > The tenants in the hotel and retail sectors cannot always refer to the coronavirus pandemic as a force majeure
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.
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