Many firms refuse to pay rent through the crisis

By Jenny Ruth | Fri, 27 Mar 2020


Many large businesses have unilaterally informed their landlords that they won't be paying the rent through the nation's lockdown and that could devastate the commercial, industrial and retail property sectors, the Property Council New Zealand said.The council represents the owners of commercial property and says its members need support to keep the economy moving both during the shutdown, which is aimed at stopping the coronavirus from spreading, and after the shutdown ends."As property is the home of business, any crisis that affects business...