Real Estate Newsflash – October 2015
Draft Act on commercial lease |
In a few words Bill No. 6864 could, if it is adopted, to change a number of provisions on commercial lease and the lessee protection would be enhanced. | ||
September 3, 2015, Minister of the economy proceeded to the filing of the Bill n ° 6864 on commercial lease and amending certain provisions of the civil code. The future law text would be in addition to public order. The most important changes are here summarized. Early termination The Bill provides that the lessee shall have the right to terminate the contract of lease at any time with a three month’s notice in the event where ‘the continuation of commercial, industrial or craft activity would cause short-term bankruptcy of the lessee and provided that the financial situation is not attributable to wrongful conduct or negligible the lessee and the failure immintente of the policyholder is duly established by all means. ” This option will be open to the lessee as if if all loy… |