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COVID-19 - 5 Practical Tips for Commercial Tenants
With Lisa Seun, Director ACORPP
It's not just about hand washing and toilet roll, some of you may be experiencing considerable stress regarding your real estate obligations in this unprecedented time. With many of us shifting focus towards workplace management and business continuation, we’d like to highlight some lease and project related items that you should spare some consideration for in the coming months. Obviously, a big-ticket item contributing to added stress for businesses right now, is rent. However other not so obvious items, such as notice deadlines and critical dates, may also require some consideration. It is also important to be realistic with your expectations of others so that they may also be realistic with their expectations of you. The best way to navigate through these uncharted waters is to simply be prepared. Know what your obligations and options are surrounding your lease. Rental payments
Critical dates
Expansion or contraction of space
Time delays
Other lease conditions to look out for
If you have any concerns regarding your property related matters, as a result of the current global health emergency, or simply want peace of mind, we are here to help so please feel free to contact us. Don’t forget Also check out the Government website which includes Coronavirus information and support for business regarding financial assistance, eligibility and timing. If you know someone that might find this useful, please feel free to share.
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