The Property Line Podcast – A Wake Up Name For Industrial Landlords: Caffé Nero And Frustration Of Goal
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The Property Line is a quick and vigorous dialogue of the
largest points dealing with the industrial actual property business. The
podcast will ship insights from Seyfarth’s actual property
attorneys and different business leaders on present market developments and the way
they influence all aspects of economic actual property.
A Wake Up Name For Industrial Landlords: Caffé Nero and
Frustration of Goal
Outdated frequent legislation doctrines usually are not dormant and will allow tenants
to keep away from the fee of lease as a consequence of authorities shutdown orders
in the course of the pandemic. As extra circumstances are tried, a jurisprudence
relating to these doctrines and their applicability to the pandemic
is being developed. On this episode, Mark Johnson, companion and co-chair of
Seyfarth’s Actual Property Litigation observe, joins hosts James O’Brien and Eric Greenberg to debate frustration of
function and drive majeure as utilized by the courtroom in UMNV
205-207 Newbury LLC v. Caffé Nero Americas Inc., the place
a landlord sued its retail tenant for damages with the intention to recuperate
unpaid lease for the interval throughout which the tenant was closed due
to a COVID-19 shutdown order in Massachusetts.
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