K Shanmugam on COVID-19 (Temporary Measures) (Amendment) Bill
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K Shanmugam on COVID-19 (Temporary Measures) (Amendment) Bill(Updated: )
Tenants in the F&B and retail sectors are set to benefit from additional landlord rental waiver under the COVID-19 (Temporary Measures) (Amendment) Bill. Commercial property landlords have to give a two-month rental waiver to small- and medium-sized enterprises (SME) tenants. Industrial and office landlords have to match a one-month relief from the Government. To qualify, tenants must meet a set of criteria. Speaking during the second reading of the Bill in Parliament on Friday (Jun 5), Law Minister K Shanmugam said the relief would help SMEs, and in turn benefit landlords and the economy.