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GSTV: Leases, construction & property with Covid-19
- With the existing clause in commercial leases which has allowed for a reduction to be fair – describe how to define fair?
- If considering a new commercial lease, what terms should be considered following the current experience? (from perspective of Landlord and tenant?)
- Regarding settlement and acquisitions/sales of property, is this Covid-19 event grounds for cancellation?
- 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?