Lease Agreement and the Theory of Unpredictability in Mexico City

What options do you have with your Lease Agreement, if your load has become more expensive as a result of the extraordinary measures to address the health emergency generated by the Covid-19?

In view of the health contingency adopted by the Federal Government as a result of the pandemic caused by Covid-19, in the lease agreement concluded in Mexico City, the theory of unforeseen circumstances provided for in the legislation applicable in this City must be considered.

The purpose of the theory of unpredictability is, in essence, to restore the balance that has been broken by an unforeseeable event that radically changed the circumstances prevailing at the time of the contract.

Based on this theory, which is established in the law applicable to the lease agreement in Mexico City, you can request the modification of the clauses of said document, since for unforeseeable circumstances (such as Covid-19) it is a well-known fact that a decrease in the economic capacity of one of the contractors (tenants) was generated which will very likely prevent it from fulfilling the obligations of the contract in the manner in which it contracted them, without foreseeing the extraordinary event.

If you want to know more about the options for making your lease agreement  work better due to the current extraordinary circumstances, do not waste time and contact us.

In Bandala | Díaz | García we have highly qualified staff to be able to support you with this or some other situation that affects your legal situation.