Online snapshot survey: Landlord negotiations at Level 4, 3, 2

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The Restaurant Association sought member feedback on the impact of Covid-19 in a series of short surveys.

This survey was conducted in May, 2020.

Key findings:

  • 79% received rental assistance/relief directly from their Landlord during the COVID-19 Pandemic.
  • Of those that had received rent relief at Level 4, 32% had negotiated 100% reduction in rent while in lockdown. Just over 50% of respondents had negotiated a rent reduction of 50%.
  • Of those that had received rent relief at Level 3&2, 16% negotiated 100% reduction in rent at Level 3 and 9% at Level 2. Just over 60% of the respondents who had received some rent relief at Level 3 negotiated a rent reduction of 50% at Level 3. The number reduced at Level 2, however, with a number of respondents (23%) indicating that their rent increased back to normal levels at Level 2.
  • Around 21% of respondents received a rent payment deferral at Level 4, with on average 2.44 months the average number of months deferred.
MEMBER FEEDBACK:

“While our landlord has been generous we find it appalling that the Government has not addressed the issue and announced standard rent reduction guidelines for all businesses who lease premises. The outcome for individual businesses should not be determined by the generosity (or not) of their landlord.”

Feedback on coronavirus 2020_snapshot surveyLANDLORDS

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