Does the lessee always have a priority right to extend the Rent Agreement?

In accordance with this Decision, the Court is changing the practice which was formed in the commercial relations, whereas the companies can agree on the priority right or its refusal from now.

Under the mentioned above, we do recommend to review the companies’ current Rent Agreements and to adjust the clauses according to the newest Case Law.

Recent Posts

3 days ago

Payroll, Tax, and Employing Foreign Nationals in Lithuania

With a diverse range of opportunities in work and education, an outstanding healthcare system, and a low cost of living compared to the rest of…

Continue reading
March 22, 2024

Common VAT Mistakes in Lithuania and How to Avoid Them

Value added tax (VAT) – is a tax applied to goods and services in all EU countries. All countries set the rates of this tax…

Continue reading
March 5, 2024

Liquidation or dormancy of the legal entity? Which option to choose.

In the constantly changing business world, it is sometimes needed not only to expand business activities, but also to suspend them or even to liquidate…

Continue reading