Reply To: Is it possible to terminate a commercial lease in light of the significant impact that covid 19 will impact on my retail business, I have personal guarantees and a remaining term.

Hi Darrell, the short answer is normally “no”. But it depends on your lease. If you are on the 6th Edition ADLS form you should be entitled to an abatement of a “fair” proportion of the rent. Most tenants in non-essential businesses are getting at least 50% relief under this clause. That could be of some help short term? If the situation (e.g. lock down) is long term, there can be a right to terminate – but this is normally 9 months. Again, it depends on your lease. Happy to chat on 021 705 914. Phil