Article
“Force Majeure” and the Doctrine of Frustration – Theory v. Reality
April 8, 2020
What You Need to Know
Since the World Health Organization declared COVID-19 a pandemic on March 11, 2020, countless businesses have closed to comply with governmental restrictions. Leases are still in place, commercial properties are still operating (at low to zero occupancy), but landlords and tenants are scrambling to survive the “temporary apocalypse”. Some tenants have declared they cannot pay rent, some landlords have offered or accepted rent deferrals, and courts across the country are only welcoming litigants with significant disputes requiring urgent attention. It’s not very likely that bickering landlords and tenants will make it onto a hearing list.
Read the full article here: Force Majeure and Doctrine of Frustration