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 Hi do u give discount to your tenant?

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Zwean
post Mar 25 2020, 09:08 PM

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QUOTE(aspartame @ Mar 25 2020, 09:07 PM)
Most landlords are kiam siap.... very calculative... for me, if tenant requests, I bear half the rental ... means they only pay half for duration of lockdown
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Ya ka, who bear your interest cost? flex.gif
Zwean
post Mar 25 2020, 09:12 PM

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QUOTE(aspartame @ Mar 25 2020, 09:11 PM)
I bear la.. who else? I pity ppl with no income and business dying... hopefully they can pull through ... their survival at stake ...
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If given the same circumstances but you no income and your business dying. Who can help you pull through? Your survival at stake hmm.gif .
Zwean
post Mar 26 2020, 11:39 PM

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QUOTE(icemanfx @ Mar 26 2020, 11:51 AM)
for non commercial/business tenancy, 50% discount during mco period is fair and appreciated.

for commercial, it will depends on how much the landlord want the tenant to survive and stay. if landlord don't offer discount or waiver and tenant couldn't afford to pay is lppl.

at current market sentiment, most tenants will/should take the opportunity to negotiate for cheaper rental for the rest of tenancy period.
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The rest of the tenancy period?

You overestimate the tenant's bargaining power.

QUOTE(beleebala @ Mar 26 2020, 10:46 PM)
I agree. If the tenant goes out of business, the landlord would lose rent and possibly get involved in a lawsuit, which would cost him/her more $ and trouble. How would a landlord choose between a) getting 50% rent for a year; or b) losing total rent until you get a new tenant, with cost and trouble for a lawsuit, commission fee and other costs for a new lease?
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If my tenant requests for a 50% rent discount for the rest of the year. I will serve 2 months notice to them.

This post has been edited by Zwean: Mar 26 2020, 11:40 PM

 

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