GSTV: Leases, construction & property with Covid-19

Michael Vukcevic interviews Paul Chambers from Anderson Creagh Lai…

  1. With the existing clause in commercial leases which has allowed for a reduction to be fair – describe how to define fair?
  2. If considering a new commercial lease, what terms should be considered following the current experience? (from perspective of Landlord and tenant?)
  3. Regarding settlement and acquisitions/sales of property, is this Covid-19 event grounds for cancellation?
  4. On construction contracts, most contractors have issued suspension notices. What are the consequences of this for a property owner (in particular Insurance risk) and which party will bear the costs associated with the delay?
AUTHOR:

Joshna Mistry

“Courage is what it takes to stand up and speak. Courage is also what it takes to sit down and listen.”

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