NEWS

Impact of COVID19 Epidemic to Lease Agreements

The state of emergency affects the business operations of lessees and lessors of business premises, which include both business offices and retail premises.

The state of emergency due to COVID 19 pandemic was proclaimed in the Republic of Serbia on March 15th 2020, and the Decree on Measures during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020) and the Decree on Organization of Work with the Employer during the State of Emergency („Official Gazette of RS“, no. 31/2020 dated March 16th 2020), all aiming to regulate in more detail the effects of introduced state of emergency, followed right after.

The state of emergency also affects the business operations of lessees and lessors of business premises, which include both business offices and retail premises. Negative effects are reflected in declined turnover, which causes the failure of lessees to pay the rent and other lease related expenses.

Full text of the article can be found HERE.

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