Finweek - English

The Covid rework: From leases to office space

words like ‘force majeure’, ‘vis major’ and ‘casus fortuitous’ have special meaning in a time when a pandemic causes health and financial crises.

The Covid-19 pandemic forced retailers to close their doors for weeks on end and are now only allowed to serve a limited number of customers at a time. More people than anyone thought possible are working from home.

However, tenants are stuck with the excess office space, and their lease agreements. Cash flows have either dried up or slowed to a mere trickle.

says most retail and commercial lease agreements contain force majeure clauses. This is defined as an unforeseeable event or circumstance that

You’re reading a preview, subscribe to read more.

More from Finweek - English

Finweek - English3 min readFinance & Money Management
Is It Worth Risking A Little More?
in fixed income, the potential for returns – in the form of coupon payments and capital gains – is captured by the bond yield (which is the coupon amount or price). A high yield signifies a high potential return. A high potential return generally com
Finweek - English1 min read
Construction Picks Up Pace
BUY SELL HOLD Back in May, I recommended construction firm Raubex as a buy – it has gained about 20% since then. The company released solid results for the six months through 31 August on 8 November. Revenue jumped 52% compared to the same period a y
Finweek - English1 min readPolitical Ideologies
“I … Apologise For The Pain And The Hurt And The Indignity And The Damage That Apartheid Has Done.”
Germany said at the COP26 climate talks in Glasgow they will give South Africa €700m to help with phasing out the use of coal. The aim is to mobilise $8.5bn with the World Bank and others to promote developing renewable energy sources in the country.

Related Books & Audiobooks