Ejercicio Legal

Rebus sic stantibus clause

The Covid-19 pandemic situation experienced globally since March 2020 has meant that real estate rentals, and in particular commercial premises and industrial buildings, agreed upon prior to the health crisis, have been affected by the serious economic consequences that this pandemic has had on the tenants, who have seen their income diminished and yet they maintained the obligation to pay the agreed rents. When the rent reduction is not obtained by mutual agreement between the owner and the tenant, the application of said rebus sic stantibus clause can be requested in court to obtain a reduction in the rental rent.

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