Major legislative changes in the Czech Republic — why investors must act
As of 1 January 2014, the only applicable act on the lease of business premises will be the new Civil Code (the special act on the lease of business premises applicable today will be excluded), which includes general provisions applicable to all lease agreements.
It should be noted that the new rules on the lease of business premises will apply only to the lease for business purposes (unlike today, rules on the lease of non-residential premises apply to any leases of premises for purposes other than residence).
In case of premature termination of a fixed-term lease contract for business premises, the notice period shall be three months. The new Civil Code also introduces termination upon notice without notice period, which in many cases replaces the right to withdraw…
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