The changes relating to leases apply to commercial tenants and their landlords. These are changes made to the Property Law Act 2007 as part of the COVID-19 Response (Further Management Measures) Legislation Act 2020. These changes make it easier to retain lease arrangements and get back to business as usual after the pandemic by giving parties more time to fulfil their payment obligations before the other side can take enforcement action. On, some temporary law changes were made to support tenants and landlords in this difficult situation. The Government has taken steps to support those businesses. Landlords may also be unable to meet their mortgage payments. Tenants may be unable to pay their rent as their business is not fully operating.
Many commercial lease arrangements in Aotearoa New Zealand will have been affected by the response to COVID-19. Guidance for termination of commercial leases and mortgages during COVID-19
0 kommentar(er)
