Rent deferred, not waived during ECQ

April 17, 2020

Trade and Industry Sec. Ramon Lopez has clarified to tenants of both residential and commercial spaces that rental fees and charges are deferred but not waived, during the enhanced community quarantine.

Lopez said residential and commercial rents falling due within the quarantine period would 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 are to 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,” he said.

Lopez added the cumulative amount of rents due within the quarantine period would  be equally amortized in the next six months.

Last week, President Duterte advised landlords not to pressure their tenants in paying their rents as the country faces the coronavirus disease 2019 crisis.

“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,” he said.

But for mall operators, DTI’s Memorandum Circular 04 has ordered mall owners to waive rental fees and other charges for stores that were closed during the community quarantine.

The national government started the community quarantine on March 15 in Metro Manila before placing the island of Luzon under enhanced community quarantine on March 17.

The President extended the enhanced community quarantine from the original April 12 to April 30 to contain the spread of the virus.

On Tuesday, the government started the mass testing for Covid-19.