Glossary
Legal & Compliance
Force Majeure
A clause that excuses late performance because of events outside a party's control, such as natural disasters or government orders. Some landlords cite it to explain a late CAM reconciliation.
Firm impact
Check whether the cited event actually matches what the force majeure clause covers before you concede that a client's audit window shrank because of it.
How this gets abused
A landlord delivers the reconciliation five months late and blames 'accounting staff turnover.' The lease's force majeure clause names only natural disasters, government orders, and labor strikes, none of which cover routine staffing problems.
Practitioner note
Read the force majeure clause's specific list of covered events. A general excuse that does not match a listed event does not extend the audit deadline.
Related terms
FAQ
Questions about force majeure
Can a landlord use force majeure to excuse a late CAM reconciliation?
Only if the delay was actually caused by an event the clause lists. Staffing problems or routine delays usually do not qualify.
What should my firm do when a landlord claims force majeure?
Ask for the specific event and date, then compare it against the clause's actual list of covered events. If it doesn't match, the audit deadline likely still stands.
You know the term. Now check the math.
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