DIE PRESSE Features KNOETZL Guest Article on the Rent of Unusable Business Premises: The Many Pitfalls of Statutory Rent Reduction

High vigilance required for business tenancies in times of the Corona epidemic

This message to all businesses affected by the imposed closures and curfews is a ray of hope in a dark time of crisis: According to § 1104 f ABGB (Austrian Civil Code), rental fees are (partially) waived if the tenant cannot (partially) use the rented premises “due to extraordinary circumstance”, e.g. “fire, war or an…

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