Tenants SingaporeSingapore
Jun 6, 2020
Both of our two petition requests have been achieved!
Thanks all for your support on this petition. Do continue to support our Fair Tenancy Framework Industry Committee in pushing for fair tenancy legislation in the industry. We had just achieved a small victory with the landmark bill being passed, but we still have a long way to go to achieve fair tenancy legislation in the country.
Summary of the landmark bill passed yesterday:
Landlords will now be required to step up and provide their struggling small and medium-sized enterprise (SME) tenants with rental waivers of up to two months after Parliament passed amendments to the COVID-19 regulations on Friday (Jun 5).
These rental waivers to be borne by landlords will come on top of already-announced rent support from the Government, which landlords are required to pass on as rent waivers for the months that the “circuit breaker” was in place.
Taken together, tenants at commercial properties are set to get four months’ worth of rental relief from April to July, while those renting spaces at industrial or office properties will get two months of help for April and May.
For commercial tenants, the maximum amount of arrears that can be paid in instalments will be five months of base rent. For those at industrial and office properties, it will be four months of base rent.
The interest payable on such arrears will be capped at 3 per cent per annum.
Copy link
WhatsApp
Facebook
Nextdoor
Email
X