There is a lot of uncertainty out there. People are concerned about the health and safety of our communities and our country.
People are also concerned about their businesses and what the lockdown will mean for them.
- If you lease premises, what does the current situation mean for you?
- If you are a landlord, what does the current situation mean for your tenants and how does this impact on you?
- What does it mean for the payment of rent and outgoings?
- What about your health and safety obligations as a landlord or as a tenant?
The starting point will be to look at your lease and how the provisions might apply in the current situation.
You should also consider what insurances are in place and how this might help. The relationship between the lease and insurances will also be critical.
There is no one size fits all answer.
Your situation will depend on your particular circumstances, the provisions of your lease, what insurances are in place and other relevant factors.
Our leasing experts can help you determine what your rights and obligations are in the current climate. We have substantial expertise advising clients in emergency situations; for example, following the Christchurch and Wellington earthquakes.
There are a lot of factors to consider in this climate, and we are available to assist. Call 04 472 0020 or email our property experts Richard Caughley or Erica Tromp, to discuss your options.
