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Real Estate In A Post-Covid World: What Happens Now?

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The impact of COVID 19 in today’s business world has been incredibly tangible, with dozens of companies failing and with unstable investment routes taking over procedures which are well known for being stable and reliable for steady incomes. The real estate sector has been one of the few which were heavily hit by the pandemic, especially given the fact that a lot of people have decided to step away from buying properties. Let’s analyse what may happen to the real estate sector in a post COVID world.

The Before-After

According to lexology “The pandemic has placed great pressure on tenants to pay their rent when it becomes due and many have not been able to do so at all or entered into a variety of arrangements with their landlords. In our experience, it is uncommon (but not unprecedented) for leases to define a Force Majeure to include a pandemic or …