Department of Trade and Industry (DTI) Secretary Ramon Lopez has clarified to tenants of both residential and commercial spaces that rental fees and charges are deferred but are not waived, during the enhanced community quarantine period.
During the Laging Handa public briefing, Lopez said residential and commercial rents falling due within the quarantine period shall be deferred for at least 30 days without incurring interests, penalties, fees, and other charges.
For instance, the due date for the rent is on April 25, payment shall then be deferred for the next 30 days.
“We realized that not all landlords are big property owners. Some of them, renting out their property is their only means of living,” the trade chief said in Filipino.
“The cumulative amount of rents due within the quarantine period shall be equally amortized in the next six months.”
The trade head added the cumulative amount of rents due within the quarantine period shall be equally amortized over the next six months.
President Rodrigo Duterte recently advised landlords not to pressure their tenants in paying their rents as the country faces the coronavirus disease 2019 (COVID-19) crisis.
“Do not ask for payment because tenants do not really have the money and are struggling now.”
“We all lose our income. I’d like to ask the owners to suspend payment for residential rents. Do not ask for payment because tenants do not really have the money and are struggling now,” Duterte said.
But for mall operators, DTI’s Memorandum Circular No. 20-04 has ordered mall owners to waive rental fees and other charges for stores that were closed during the community quarantine.
The national government initially enforced a community quarantine on March 15 in Metro Manila before placing the island of Luzon under enhanced community quarantine on March 17.
The President then extended the period of the enhanced community quarantine from the original April 12 end date to April 30 to contain the spread of the coronavirus.