Insight

Fact Sheet: Covid-19 – Should commercial tenants still pay the rent?

Yes they should, where possible, but less than 30% of commercial property rent was received by landlords for the March 2020 quarter.

There is an urban myth in circulation that tenants no longer need to pay their rent to landlords; that the government has instructed them not to; that they can shut up shop, cancel the rent payment, and with any luck, pick up where they left off when things are back to “normal”.

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