Ireland: Covid-19: Impact On The Obligations Of Commercial Landlords And Tenants.
07 April 2020
Ronan Daly Jermyn
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This briefing will examine, at a high level, some implications of the Covid-19 (coronavirus) pandemic upon the obligations of both commercial landlords and tenants in Ireland. We also comment on how best to document commercial agreements between parties to overcome short term cash-flow difficulties, avoiding unintended consequences.
Q. Can the Covid 19 Pandemic permit parties to suspend lease obligations/reduce or cease payment of rent/terminate leases? Force Majeure clauses:
A force majeure clause excuses one party from fulfilling its contractual obligations under a contract following the occurrence of a certain specified event. Such an event is one beyond the reasonable control of that