Family in protective masks with trolley on street
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Frustration Of Purpose Doctrine And Covid In North Carolina Commercial Leases

My last blog post suggested that landlords and tenants should take a new look at their leases to see if there is language that specifically allocates the risk of a pandemic. What if your lease contains no force majeure clause? What happens if the lease does not otherwise address COVID-19, pandemics, Acts of God or…

The Force Majeure Clause And Covid In North Carolina Commercial Leases
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The Force Majeure Clause And Covid In North Carolina Commercial Leases

The COVID-19 pandemic was devastating for many commercial tenants in all kinds of businesses. Many are still feeling the effects, even as restrictions have eased. As commercial tenants have suffered, so too have commercial landlords. Some tenants abandoned their space. Others simply stopped paying rent. Where the landlord and tenant were unable to agree on…