The Government Approves the Deferral of Rental Payments on Commercial Premises

22 April 2020 –

The proposal from the Ministry of Economic Affairs distinguishes between small and large owners to establish the aid.

On Tuesday, the Council of Ministers approved the establishment of a moratorium on the rental payments of commercial premises linked to business activity, according to Nadia Calviño, the Vice President of Economic Affairs, at a press conference following the Government’s meeting.

“The procedure established will allow the parties to reach agreements to modulate these payments and will facilitate the continuity of their commercial activities,” detailed a statement from the Ministry of Economic Affairs.

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Translation/Summary: Carmel Drake