Chadstone retailers demand three month’s free rent

About 35 retail tenants at Melbourne’s Chadstone Shopping Centre have lobbied its management to waive rents for three months due to the coronavirus. The tenants contend that they are not in a position to pay rent at present, as shoppers are staying away from Chadstone. For its part, Chadstone Shopping centre’s management has agree to defer rent payments for March and April, however it has demanded that tenants provide further sales information before the request for a rent holiday will be considered:

In a letter and petition to Chadstone Shopping Centre management, about 35 tenants said that, “each day is getting worse and worse” due to the economic fallout of the pandemic. and asked for help to “save our businesses.”

“We are not in position, at all, to pay any rent for now,” said the petition, sent last Friday, “and we are absolutely not in a position to even cover the fixed costs”…

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