2. Rental Relief Framework for SMEs and NPOs in 2020
Rental Relief Framework for SMEs and NPOs in 2020
Important Note: The Rental Relief Framework covered periods from April to May 2020 or April to July 2020. The acceptance of applications has concluded.
The COVID-19 (Temporary Measures) (Amendment) Act (“Act”) that was passed in Parliament on 5 June 2020 provided a rental relief framework for Small and Medium Enterprises (SMEs) and specified non-profit organisations (NPOs). This framework came into force on 31 July 2020.
The rental relief framework provided for mandated equitable co-sharing of rental obligations between the Government, landlords and tenants. This helped affected SMEs that needed more time and support to recover from the impact of the COVID-19 pandemic. The framework also covered eligible NPO tenants. For more details, please refer to Part 2A of the Act and the COVID-19 (Temporary Measures) (Rental and Related Measures) Regulations 2020.