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Tag: Commercial Lease Agreements

COVID-19 AND COMMERCIAL LEASE AGREEMENTS – RELIEF MEASURES ANNOUNCED

COVID-19 AND COMMERCIAL LEASE AGREEMENTS – RELIEF MEASURES ANNOUNCED

On Tuesday, 7 April 2020 a newly formed group, the Property Industry Group ( ‘the Group’), made up of some of South Africa’s largest retail property landlords, announced the terms of a “Tenant Assistance Relief Package”[1](‘TARP’). The announcement and the relief offered, albeit with certain caveats, may very well protect or act as a buffer…

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