Interpretative Rule: Suspension of Minimum Rents Payable by Tenants in Shopping Centres

Interpretative Rule: Suspension of Minimum Rents Payable by Tenants in Shopping Centres

Law 4-A/2021 of 1 February was published, establishing a rule interpreting Article 168-A no.5 of Law 2/2020 of 31 March (2020 State Budget), added by Law 27-A/2020 of 24 July (Supplementary State Budget), under which the suspension of the obligation for tenants to pay minimum rents will apply retroactively to rents due from 13 March 2020 and will remain in force until 31 December 2020.

It is further clarified that the term “shopping centres” covers all planned and integrated developments, consisting of one or more buildings in which a diversified set of retail and/or service establishments is located, whether or not owned or operated by the same entity, which have a set of facilities and services designed to allow the same clientele access to the various establishments and which are subject to common management, responsible in particular for the provision of collective services, the establishment of common practices and the enterprise’s communication and entertainment policy.

Marisa Frade

Marisa Frade

Trainee Lawyer

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