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Real Estate

03 April 2020
Martin Foerster COVID-19 measures may entitle tenants to rent reductions

Austria - Graf & Pitkowitz Rechtsanwalte GmbH

In an effort to reduce the spread of COVID-19, the government has ordered all shops and service providers, except those providing certain vital services, to close to customers from 17 March 2020 until 13 April 2020. The closure of shops may entitle tenants to reduced rent and ancillary costs. However, it does not entitle tenants to terminate their lease for cause. This article sets out guidance for affected tenants and landlords.

Author: Martin Foerster
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