New rules for leases on the suspension of a tenant's business

New rules for leases on the suspension of a tenant's business

19 July 2022

Please be informed that new Federal Law No. 332-FZ (“Law”) was passed on 14 July 2022 allowing the landlords to claim from the tenant the average monthly rent or to terminate the lease if the tenant's commercial activities are suspended. The Law establishes specific conditions under which the average rent could be claimed, imposes restrictions on landlord's right to terminate the lease agreement if foreign control over the lessee is terminated. The Law also specifies the dates from which the landlords may demand payment of the average rent and use their termination right.

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Practice: Real Estate

Note: Please be aware that all information provided in this letter was taken from open sources. Neither ALRUD Law Firm, nor the author of this letter bear any liability for consequences of any decisions made in reliance upon this information

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