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Commercial Leasing and COVID-19

The National Cabinet has, on 7 April 2020, approved a legally enforceable Mandatory Code of Conduct that will apply to SME commercial leasing during the period of the COVID-19 pandemic (including a reasonable subsequent, but as yet unspecified recovery period).

The purpose of the Code is to impose a set of good faith overarching and leasing principles for application to commercial tenancies (including retail, office and industrial) between landlords and eligible tenants. 

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