Coronavirus – What Should Parties In Lease Agreements Do

At both the federal and local levels, a number of regulations imposing restrictions on private business activities have been adopted in reaction to the spread of COVID-19 in Russia. Most of the measures adopted affect businesses' ability to operate their activities in indoors premises. The restrictions that have been imposed therefore have an effect on the relationship between landlord and tenant in lease agreements for commercial premises, and have a significant impact on the parties' ability to perform their obligations under such agreements.

These restrictions include, in particular:

• a suspension of "offline" activities for most businesses in the hospitality and entertainment sector (restaurants, cafes, movie theaters)