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
AM: Minister of Agriculture declares force majeure due to April frost damage
The spring frost damage that occurred at the beginning of…
Read more >Minister of Agriculture declares force majeure due to April frost damage
The spring frost damage that occurred at the beginning of…
Read more >Strict regulations and measures remain in place due to the COVID-19 virus
The National Food Chain Safety Office (Nébih) draws attention to…
Read more >Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >The market is not the primary driver of green corporate decisions in Hungary
The sustainability strategies and investments of domestic companies will be…
Read more >Melon import volume drops by 51 percent
Compared to last year, the volume of melon imports has…
Read more >