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Mass media / News

Major networks were forbidden to break the lease in the shopping center

Radio Liberty 21.05.2020 at 14:37

Radio Free Europe/Radio Liberty is a private, non-profit information service funded by the U.S. Congress, broadcasting to the countries of Eastern and South-Eastern Europe, the Caucasus, Central Asia and Middle East and Russia.

The state Duma passed in the key second reading a bill that gives tenants the right to terminate the lease if the landlord refuses to reduce the rent. But at the last moment there is a very important provision that this right will be granted only to enterprises of small and medium enterprises (SMEs), says The Bell. "The right to termination of contracts will not receive all tenants who have decreased income, but only small and medium-sized businesses, operating in sectors of the Russian economy most affected by the coronavirus," – said on the website of the state Duma. In the version of the bill recommended by the Committee on budget and taxes for adoption in the second reading speech that the right to ask the landlord about the discount and to terminate the contract in case of failure will receive only SMEs, no. The publication quoted interlocutors, which argue that under pressure from the President of Sberbank German Gref and the Chairman of the Central Bank Elvira Nabiullina, Prime Minister Mikhail Mishustin "gave the go-ahead," the Chairman of the state Duma Vyacheslav Volodin to make the bill a provision to SMEs. "It looks like the amendments at the last moment pushed banks, they have a strong lobby and a huge number of TTS in the collateral," – said one of the sources familiar with the discussions. Document the formula trims the rights of tenants. Compared to the favourable for tenants first reading landlords are allowed to not return the Deposit to the tenant, the amount of which can reach up to six monthly payments. Why bill dumped a large trading network, substantiated the President of Sberbank. According to German Gref, the unilateral dissolution "will lead to massive losses, owners of commercial real estate, without solving the problems of the industry as a whole and creating preferences a number of players from the demand for space in shopping Mall". The President of the savings Bank has estimated the total loan portfolio of the industry is 2.7 trillion rubles, and loss of value to ensure their commercial real estate due to the adoption of the bill is 20-30%. He offered to help primarily to SMEs, "it has no margin of safety and desperately need support."