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”.
