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Coronavirus help for commercial tenants
As a landlord we are deferring rent for our commercial tenants for 3 months (24 March – 30 June 2020). We will request repayment over the last three quarters of this financial year (June, September and December 2020) or two quarters at the tenant's choice.
Debt will not be chased.
Those tenants who have received their March 2020 invoice will not be expected to pay this invoice immediately but to agree payment over the last three quarters of this year as stated above.
We have written to our commercial tenants confirming the council’s decision. The detail of the timing of the repayment of the deferred rent will be the tenants choice in discussion with Merton’s finance team.
Property Management and Review
Merton Civic Centre
Telephone: 020 8545 3071