How can businesses best navigate the impact of COVID-19 on their commercial lease arrangements?
The purpose of this guide is to support New Zealand businesses with understanding how their leases work in the COVID-19 pandemic and Alert Level 4 lockdown environment and help them avoid a legal dispute by coming to an agreed position. We expect that in most cases a negotiated position, formalised into a Deed of Variation of Lease, is likely to create the best outcome for all parties.