Tenants of several municipally owned business premises received a discount

By: Trademagazin editor Date: 2020. 07. 24. 11:18

In Budapest, the downtown municipalities chose the lesser bad: they waived part of this year’s rent, only to keep the tenants of the business premises alive – privatbankar.hu wrote. But even so, they can’t prevent an estimated hundreds of entrepreneurs from getting out of business permanently. The districts will lose a total of hundreds of millions of forints, which they will miss greatly.

Between March and June, there were no tenants who could not pay or paid late in the case of non-residential properties leased by the Metropolitan Municipality. At the same time, the local government estimates that the premium income they introduced will result in 55 million HUF less premium revenue this year. (MTI)