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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Property
3 mins to read

Rent relief for virus impacted business likely

A standard rental clause gives tenants grounds to forgo rent if they can't access their tenancy.

Andrew Bevin Wed, 25 Mar 2020

As the coronavirus lockdown kicks into effect many commercial tenants will be left without any revenue or at least reduced revenue, making it difficult to cover rent.

Government subsidies will help cover some of this but potentially not the full extent.

Companies around the world have taken

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Andrew Bevin Wed, 25 Mar 2020
Contact the Writer: andrew@nbr.co.nz
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Rent relief for virus impacted business likely
Property,
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