Informative Note

Coronavirus: Impact on lease agreements and store use agreements

24/03/2020
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On 11 March 2020, the World Health Organization declared a public health emergency of international concern (PHEIC) following the spread of SARS-CoV2 (Coronavirus) and disease it causes, Covid-19. Subsequently, on 18 March 2020, a state of emergency was declared in Portugal.

Against this background, a legislative package has been approved and published, and this package has established exceptional and temporary measures relating to the spread of COVID-19.

In the short and medium-term, the measures introduced will have consequences for the vast majority of sectors, and they will have a particular impact on trade in non-essential items and affect all market players (landlords, tenants, and store owners, etc.)

The aim of this note is to address the impact of the current situation on commercial lease agreements and other contracts for the use of commercial premises.

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Impacts and challenges for businesses in Portugal

PLMJ has created a multidisciplinary team dedicated to analysing the legal and operational challenges that businesses are facing. Our team’s mission is work hand-in-hand with our clients to find the best solutions to mitigate the risks and to relieve some of the pressure they are under.

We have created a Coronavirus Hub to share practical information to help mitigate the risks for companies in Portugal.

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