Tag: rent

With clothing and other retailers (non-essential services) being barred from trading during lockdown, rental obligations are under intense debate. Kayla Shadiack, senior associate at Christodoulou & Mavrikis Inc, a FASA service provider member gives an overview and guidelines to navigating the legalities of rentals. Certain retail groups, including The Foschini Group, Truworths, Mr Price Group, Woolworths and Pepkor have been in negotiations and discussions with the Property Industry Group, and made a counter proposal to pay R220 million as a collective group which would amount to 20% of their normal rental to be paid. According to a statement issued by …