Commercial Lease Arrangements: Possibilities For The Future

Dikshita Damodaran¹

With the unprecedented COVID-19 pandemic the businesses all over the world have faced severe disruptions. The nationwide lockdown which began from March 24, 2020 till May 31, 2020 led to the stoppage of all the commercial activities in the country. Every industry faced the consequences of this pandemic and is trying to come up with coping mechanisms for the future.

The nationwide lockdown, the rising number of coronavirus cases in India, the abysmal revenue collection by businesses and, the social distancing norms has caused a severe blow to the commercial establishments and retail outlets. The pandemic has also raised questions on the sanctity of the terms of the commercial leases and license agreements.