Covid-19 rent relief for landlords
May 11, 2020
There has been a variety of different reports about rent relief as part of the Covid-19 Stimulus packages. The national Cabinet has prepared a mandatory Code of Conduct for Commercial Leasing designed to balance the best interests of commercial tenants and landlords.
Our friends at Business Depot have put together a summary of what this involves including:
- Who does the Code apply to?
- What do the principles say?
- How to calculate a rent reduction
The Code has yet to be legislated however in the meantime this article might provide some guidance to assist with any commercial property rental issues you might be facing
The Full article can be found here: