The Baker McKenzie Real Estate Practice Group is pleased to share with you the third edition of our COVID-19: Global Real Estate Guide, which is designed to address some common questions that landlords and tenants will be considering in these unprecedented and uncertain times.
Months after COVID-19 required governments to impose lockdowns and quarantines, the pandemic continues to affect many owners and occupiers of commercial properties. Parties wish to clarify their obligations and remedies in light of constantly evolving government requirements. Multinational companies face the added challenge of having to deal with real estate laws and practices that vary significantly across jurisdictions.
In this update, Baker McKenzie lawyers have updated their views on emerging trends and key issues for landlords and tenants, and have provided insights on the following new questions:
- Are landlords and tenants negotiating amendments to leases?
- As businesses reopen, are there any new requirements to adhere to?
- Are there other emerging trends or key issues for landlords or tenants?