Govt to force compromise on commercial rents

Govt to force compromise on commercial rents
Pattrick Smellie
The government is working urgently to force commercial landlords and tenants to negotiate rent relief during the covid-19 lockdown periods, where they are refusing to do so.A Cabinet committee this morning discussed options tabled by Justice Minister Andrew Little and policy announcements are expected shortly.Prime Minister Jacinda Ardern reiterated the government is not able legally to impose commercial rent relief. However, persistent reports of some commercial landlords refusing to lower rents and some tenants withholding all commercial rent...

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