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 Hi do u give discount to your tenant?

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icemanfx
post Mar 25 2020, 04:11 PM

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Burger King chief executive Alasdair Murdoch has said that the fast food chain will not be paying rent due on its UK restaurants this week.

Hundreds of High Street businesses are set to withhold their quarterly rent payments, which are due on Wednesday, so they can afford to pay their staff.

How many local tenants will follow?

This post has been edited by icemanfx: Mar 25 2020, 04:12 PM
icemanfx
post Mar 25 2020, 04:39 PM

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QUOTE(nexona88 @ Mar 25 2020, 04:35 PM)
not gonna happen here in BolehLand  devil.gif
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That depends on who has stronger bargaining power.

This post has been edited by icemanfx: Mar 25 2020, 04:40 PM
icemanfx
post Mar 26 2020, 11:51 AM

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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.

This post has been edited by icemanfx: Mar 26 2020, 11:58 AM
icemanfx
post Mar 26 2020, 07:03 PM

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QUOTE(lwpin728 @ Mar 26 2020, 06:16 PM)
For residential, the tenants are occupied the house 24hrs per day still need to give discount? If commercial i understand, where no activities carry out on that permise.
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Tenant's income may be reduced during mco.

This post has been edited by icemanfx: Mar 26 2020, 07:03 PM
icemanfx
post Mar 27 2020, 05:25 AM

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QUOTE(Zwean @ Mar 26 2020, 11:39 PM)
The rest of the tenancy period?

You overestimate the tenant's bargaining power.

If my tenant requests for a 50% rent discount for the rest of the year. I will serve 2 months notice to them.
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Many landlords in particular commi could find out later this year or next.

This post has been edited by icemanfx: Mar 27 2020, 09:19 AM
icemanfx
post Mar 27 2020, 04:39 PM

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QUOTE(malaysiathegreat @ Mar 27 2020, 02:11 AM)
I gave rm500 discount to the Amcorp mall tenants initially for March and April coz i know their business is taken a hit. However i did not give the discount to the residential tenants at bukit jalil because she is a student which i dont think the lock down affect her financial. I myself forcing to take a unpaid leave for the company goods. It's all about helping each other getting through this difficulties. You help me, I help you.
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QUOTE(Sean50Parry @ Mar 27 2020, 10:09 AM)
I did reduce RM 200 for 4 mths la coz my tenant also good paymaster..now company not paying them 3 maths salary coz of Covid 19 coz cannot travel to KK where the HQ is...
loss RM 200 per mth is better than the entire rental la...
with the RM 200 won't do much for my lifestyle since now cannot go out leap..but to tenant it may help to pay other utilities la..
anyway this is my 2 sen la..
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+1 good karma

This post has been edited by icemanfx: Mar 27 2020, 04:40 PM
icemanfx
post Mar 27 2020, 07:26 PM

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QUOTE(jumalij23 @ Mar 27 2020, 07:07 PM)
I agree with you, I gave 40% discount to my tenant for the next 6 months.

She is a good tenant and taking care of my unit very clean and tidy.

Its a good felling when you can others in this difficult time:)
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What goes around comes around. You will be rewarded for your good deed.
icemanfx
post Mar 29 2020, 07:50 PM

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QUOTE(wsoon82 @ Mar 29 2020, 07:15 PM)
If real difficulty for good tenant then can discuss for a mutually agreeable arrangement. For opportunist that simply "take the opportunity", go fly kite lah!

If you are the owner, would you give 50%?
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Yes, if they ask.
icemanfx
post Mar 29 2020, 11:29 PM

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QUOTE(wsoon82 @ Mar 29 2020, 08:36 PM)
Also think about it, if you are a tenant, would you really move out because of not getting discount? Moving out involve cost, time, hassle etc. and what is the possibility to find much cheaper unit??

For businesses, if the business is good, would the tenant actually move out because of not getting discount? It takes time to build a business in a location, moving can affect the business. Worth it?
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If tenant business is not doing well, most would consider to try out new location. in most places, supply is more than demand. tenant could easily find cheaper alternative.

if the business could be relocated easily and rental is expensive, the tenant is likely to decamp to cheaper, better place or close shop.

This post has been edited by icemanfx: Mar 29 2020, 11:30 PM
icemanfx
post Mar 29 2020, 11:33 PM

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QUOTE(Iroquois Plissken @ Mar 29 2020, 06:45 PM)
Guys, mind giving me your opinion on my tenant (commercial property). A bit long, so please bear with me!  notworthy.gif

He's been renting since 2014 and was always on time with rent, however this year his business (phone and computer repair shop) has taken a hit and has been late with rental since January. Last month he missed the due date and I had to call him after 2 weeks wondering where the rent was. He asked to pay half with the balance later. Since he was an exemplary tenant I told him he can pay the balance next month (which is this month) under the assumption that March rental will be paid along with it.

He did ended up paying the balance, but didn't paid this month's rent (which was due even before the lockdown) and has been avoiding my texts. I finally got trough him today and he told me that all surrounding tenants are getting a 50% discount so he's asking me if I could grant him the same leeway.

I told him I would have given him a nice discount had he had been more proactive with the situation and not waited until I called him (and ignoring my texts). I gave him one last chance to come call me back by the end of this month to come up with a better proposal (I can't afford to give 50% discount for the next 6 months as rent is my main source of income).

I consider myself a fair guy. I scolded him for not being proactive and also praised his past record. I told him it was extremely upsetting that he has been avoiding paying the rent and my texts since I already called him last month saying that if he has problems, he is free to CALL ME and talk it over. What do you guys think and what kind of compromise should I reach with this dude?
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If you believe you could find another tenant easily at similar rent, you can remain firm. however, if there is a supply over demand in your area, you may have no choice but to accept lower income.

icemanfx
post Mar 30 2020, 04:04 PM

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QUOTE(Edwin Bak @ Mar 30 2020, 03:54 PM)
MALAYSIA TENANTS GROUP

Facebook page - https://www.facebook.com/BerjuangUntukPenyewaMalaysia/
Facebook group - https://www.facebook.com/groups/203740667712754/
We are a team of established and experienced real estate agents and legal advisors who were former lawyers looking to assist tenants in relation to the recent MCO imposed by the government.
Pursuant to the regulations imposed by the government pertaining to the bank’s deferment to housing loans for individuals and business loans for SMEs, we understand that there is a public outcry in relation the landlords showing leniency to tenants who cannot afford to pay their rent, essentially to either reduce rents, deferring rents or banning evictions amid the worsening coronavirus crisis. With a growing number of Malaysians expected to lose income due to the economic fallout from COVID-19, we want either rents reduced, deferred or evictions banned to protect not just the tenants but the wider public. Evictions have been banned in cities like New York, Los Angeles and San Francisco, while France has suspended all bills and rent. As such, we are confident and more than happy to represent unhappy tenants out there that are being requested to maintain full rent payment by landlords. Kindly fill up the form at https://forms.gle/srgWNwXedUmvAfdA6 and/or email us at fightfortenant@gmail.com and we will do the necessary to help and assist you on this matter.
[TRANSLATION]
Kami merupakan satu persatuan yang merangkumi ejen-ejen hartanah yang berpengalaman dan penasihat undang-undang yang merupakan bekas peguam yang ingin membantu penyewa berhubung dengan MCO yang baru-baru ini dilaksanakan oleh kerajaan.
Mengikut peraturan yang dikenakan oleh kerajaan berhubung dengan penangguhan bank terhadap pinjaman perumahan bagi individu dan pinjaman perniagaan untuk PKS, kami memahami bahawa terdapat bantahan awam berhubung dengan tuan-tuan tanah untuk menunjukkan kelonggaran kepada penyewa yang tidak mampu membayar sewa mereka, pada dasarnya sama ada mengurangkan sewa, menangguhkan sewa atau mengharamkan pengusiran di tengah-tengah krisis koronavirus yang semakin buruk. Dengan semakin ramai rakyat Malaysia yang dijangka kehilangan pendapatan disebabkan oleh kejatuhan ekonomi dari COVID-19, kita mahu sama ada untuk sewa dikurangkan, ditangguhkan atau pengusiran diharamkan untuk melindungi bukan hanya penyewa tetapi orang awam yang lebih luas. Pengusiran telah diharamkan di bandar-bandar seperti New York, Los Angeles dan San Francisco, manakala Perancis telah menggantung semua bil dan sewa. Oleh itu, kami yakin dan gembira untuk mewakili penyewa-penyewa yang tidak berpuas hati yang diminta untuk mengekalkan bayaran sewa penuh oleh tuan-tuan tanah. Mohon isikan borang di https://forms.gle/srgWNwXedUmvAfdA6 dan / atau emel kami pada fightfortenant@gmail.com dan kami akan membuat apa-apa yang diperlukan untuk membantu dan membantu anda dalam hal ini.
<a href='https://pictr.com/images/2020/03/30/5kyCzl.md.png' target='_blank'>https://pictr.com/images/2020/03/30/5kyCzl.md.png </a>
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