Under the new Covid-19 (Temporary Measures) (Amendment) Act, SME tenants' rental arrears are to be paid in equal instalments for up to nine months or the remaining term of tenancy, whichever is shorter, with interest capped at 3 per cent a year. Payment of the first instalment starts no later than Nov 1 this year.
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Under the new Covid-19 (Temporary Measures) (Amendment) Act, SME tenants' rental arrears are to be paid in equal instalments for up to nine months or the remaining term of tenancy, whichever is shorter, with interest capped at 3 per cent a year. Payment of the first instalment starts no later than Nov 1 this year.