Preliminary draft of a Luxembourg law on commercial lease agreements
The recent bankruptcy of a significant number of commercial companies and the subsequent closing of nearly 20 shops in Luxembourg City have shed light on the need for an urgent reform of the legal rules applicable to commercial lease agreements. In this respect, the Council of Government approved on 4 October 2013 a preliminary draft of a law on commercial lease agreements. Here you will find key information about it.
The preliminary draft law covers all commercial lease agreements other than those relating to galleries and shopping centres and lease agreements relating to office areas.
The principal aim of the preliminary draft law is to provide sufficient protection to tenants through legal rules helping to break the spiral of speculation and sustaining and securing businesses and investments…
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