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Frustration Of Purpose And Impossibility Doctrines In The COVID-19 Era - Coronavirus (COVID-19)

To print this article, all you need is to be registered or login on Mondaq.com. In a survey of cases in federal, state and bankruptcy courts, commercial tenants seeking to delay or excuse the payment of rent because of pandemic-related downturns in business sometimes looked to the equitable doctrines of frustration of purpose and impossibility for relief. Both of these doctrines allow for the argument that a default is excusable under circumstances that were unforeseeable to the parties at the time of the contract s formation. While commercial tenants sometimes use these doctrines in tandem, they are distinguishable in their underlying aims. The

Frustration of Purpose and Impossibility Doctrines in the COVID-19 Era | Holland & Knight LLP

Recent Rulings In COVID-19-Related Lease Disputes - Real Estate and Construction

To print this article, all you need is to be registered or login on Mondaq.com. Courts in three different jurisdictions recently handed down decisions against commercial tenants in disputes with their landlords over rent obligations during the COVID-19 pandemic, rejecting the tenants common law defenses and interpreting the leases as written. Illinois State Court Ponte Gadea Chicago, LLC v. Banana Republic, LLC, No. 20 L 6235 (Ill. Cir. Ct., Cook Cty Mar. 24, 2021) - The landlord sued tenant Banana Republic for not paying rent during the pandemic. In response, Banana Republic raised fifteen common law defenses, including frustration of purpose and impossibility, and asserted a four-count counterclaim

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