PETALING JAYA: Retail property landlords and tenants will need to walk a tightrope carefully over the next few months as they try to find a reasonable compromise and navigate their survival through the Covid-19 pandemic, which is wreaking havoc on the economy.
Rahim & Co International Sdn Bhd real estate agency chief executive officer Siva Shanker said he saw many retail tenants seeking rental exclusions or even discounts during the movement control order (MCO) and beyond; and landlords either giving in reluctantly or not at all.
“Both landlords and tenants need to come together and find a way to tackle this. Everyone needs to understand that the Covid-19 pandemic is affecting everyone, right from the kacang putih seller right up to the big company CEO, ” he told StarBiz.
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