Directly benefiting from this measure are catering businesses that operate with the distribution of packaged products and the provision of packaged products from the store, hair salons, beauty centers, businesses of cultural and sports sectors, gyms, tourism businesses such as hotels, accommodation and travel agencies, and transport services.
For landlords who rent out properties in these businesses, compensation equal to 80% of the rent for natural persons and equal to 60% of the rent for legal entities will be paid directly to their bank account. At the same time, for the month of March, the mandatory 40% rent discount continues for businesses belonging to the remaining affected KAD.
In addition, for employees who their employment contract is suspended, a 40% rent discount is given for their main residence and their dependents’ student residence.
We also addressed two other issues that had arisen regarding leases, giving solutions.
I am referring to the issue that had arisen with the newly established businesses that started operations after 20/3/2020 .
> text-align: justify;”>The second issue is related to the branches of affected companies.
With a related decision (A. 1040/2021) it is provided that in a branch of an affected company on which restrictive measures are imposed, while the head office is included among the affected companies entitled to a mandatory rent reduction by 40%, then the company as a whole is entitled to a full rent exemption. In this case, the branch takes the head office along with it and the entire business is exempted from paying 100% of the rent.
An illustrative example:
<p style "text-align: justify?" payment of the rent, then overall the company is entitled to a full exemption from the obligation to pay the rent, both for the head office and for the branch.
Ladies and Gentlemen, The dealing with the consequences of the pandemic has dynamic and not static characteristics.
We are in a constant dialogue with society. We weigh all the data and with objective and rational criteria we have taken and will continue to take measures to support those suffering the consequences of the pandemic.
