Leasehold rights and obligations in the face of mounting COVID-19 trading restrictions
As governments around the region continue to impose stricter regulations and controls around the isolation of individuals and the ability for businesses to continue to trade, landlords and tenants are facing increasing financial pressure.
These challenges are rapidly evolving and it is critical that stakeholders obtain expert commercial and legal advice as to their rights and obligations, with a view to protecting their interests in the short and longer term.
Al Tamimi & Company’s Real Estate team advise landlords and tenants throughout the Middle East & North Africa region and understand the local conditions in each jurisdiction. Therefore, we are best placed to advise all stakeholders on:
- the rights and remedies available to either party at law;
- interpreting your lease agreements, in particular, in respect of each party’s financial rights and obligations; and
- the extent to which your regional operations will require bespoke considerations from country to country.
We are here to support you. Please do not hesitate to contact us to discuss how we can assist you in more detail.