Murali Pillai on COVID-19 (Temporary Measures) (Amendment) Bill
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Murali Pillai on COVID-19 (Temporary Measures) (Amendment) Bill(Updated: )
A Bill requiring landlords to waive more rent for SME tenants amid COVID-19 is in their interest too, as it ensures that the tenant market will not collapse. Supporting the Bill in Parliament on Friday (Jun 5), MP Murali Pillai did seek some clarifications. With eligible SMEs allowed to repay rental arrears in instalments at maximum interest of 3 per cent per annum, Mr Murali asked how this rate was derived. He also asked about protection for landlords whose tenants cannot move out at the end of their leases due to the pandemic, but who already have back-to-back arrangements with new tenants.