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Can the lease agreement of my business be terminated if I am unable to pay my rent on time due to the current pandemic-related events?
Lease agreements on properties for non-residential use may not be terminated until 30 June, 2020 in severely affected industries like tourism, food services, entertainment, gambling, film making, event planning, performing arts and sports services (Article 3 of Gov’t. Decr. No. 47/2020 of 18 March). The prohibition of termination may be extended by a further Government Decree. Rents may not be raised during the state of emergency, even if the contract allows for such a raise.
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations