Lease agreements: We won’t pay, say tenants
The scene is set for a protracted battle between landlords and retailers over rental payments now that stores are shut
In a battle to cut mounting losses caused by the Covid-19 lockdown, retailers and landlords are set for a face-off over rent holidays.
While restaurants and mom-and-pop stores were the initial front of the skirmish, it has already expanded to JSE-listed retailers and even warehouses, which are testing the strength of their leases...
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