Further legislation regarding termination and renewal of lease agreements by Italian public entities

In December 2013, law decree No. 151 of 30 December 2013 ("Decree No. 151")

introduced further changes regarding the right of certain Italian public entity tenants to terminate and renew their real estate leases.

Decree No. 151 follows certain provisions introduced earlier in 2013 in response to criticism that some public entities are paying too much for their real estate and, in certain cases, are renting in the private sector even though suitable real estate assets owned by the Italian state are available.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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