DLF to waive up to 100% of base rent for tenants amid COVID-19 crisis : Bulletin: Business Today
Business Today

DLF to waive up to 100% of base rent for tenants amid COVID-19 crisis

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BusinessToday.In | June 15, 2020

DLF to waive up to 100% of base rent for tenants amid coronavirus crisis
DLF, one of the largest mall operators in the country, has proposed a rental programme to support the rental partners amid the ongoing coronavirus crisis. The plan proposes a waiver of as high as 100 per cent on minimum guarantee (MG) lease rent for rental partners such as shops, multiplexes and restaurants. While the rent will be as per billed terms for March until lockdown, zero MG rent has been proposed from start of lockdown until June 15, according to the details of the support programme sent to tenants.

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