
PROFESSIONAL LEASES: IN PARLIAMENT THE PROVISION OF EXTENSION FOR “CLOSED” BUSINESSES!
Article 111 of N. 4790/2021 which was voted in the Parliament and already published, included, among other interesting provisions, the possibility of a few-month extension of the leases of commercial properties whose businesses that use them remained “closed by state order” during the pandemic, and for a period of time equal to their mandatory shutdown.
The tenants have the right to an extension or sublessors declare it in writing to the owners within one month of the entry into force of the law, and on the condition that at the time of the declaration they will be completely consistent with their obligations, i.e. they will not owe rents. Therefore, those who owe rent should pay off their debts before submitting their written statement. As long as the above conditions are met, the declaration is mandatory for the owner and increases the duration of the lease accordingly.