Covid-19: Reduction of rent for business leases and home residences

March 23, 2020

Rent payment for business establishments, for which COVID-19 preventive measures have been taken, is exempted by 40% of the total rent due for March and April 2020. Stamp duty or VAT are recalculated accordingly. Partial rent payment does not give the right of lease contract termination or any other claim against the lease. The same applies to leasing contracts where the lessee is an employee of a business for which COVID-19 preventive measures have been taken and whose employment contract has been temporarily suspended because of measures to prevent the spread of Coronavirus.