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Reitas flags concerns over move to relieve tenants of rental obligations

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Published Mon, Apr 6, 2020 · 09:50 PM

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    Singapore

    THE Reit Association of Singapore (Reitas) has cautioned against putting "significant strain" on landlords' finances with a new Bill that may give businesses a reprieve from contractual obligations including rent payments, even as it acknowledged the importance of supporting tenants in the crisis.

    The association flagged its concerns in a statement on Monday night, ahead of Tuesday's Parliament sitting where the Covid-19 (Temporary Measures) Bill will be introduced.

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