Prague contractors can claim rent discounts until May 31

Tenants of non-residential commercial premises leased to the city of Prague can submit a request for a 30% reduction until May 31

Throughout the past year, businesses have experienced enormous difficulties. Some experienced a sharp drop in their income while others had no choice but to shut down permanently.

Understanding the gravity of this situation, Prague offered its support to entrepreneurs, in an effort to help them recover from the economic impact of the pandemic.

On April 9, the Municipality of Prague announced that entrepreneurs who are based in buildings in the capital can now apply for a reduction in rent until the end of May. Commenting on this, Councilor Jan Chabr clarified that entrepreneurs will have access to a 30% discount.

“We are fully aware of the current crisis situation associated with COVID-19, which is having serious economic consequences for tenants of non-residential premises in the capital of Prague, and therefore, we are always looking for ways to make it so simple. as possible. possible for them, ” Chabr revealed.

On its website, the city of Prague clarified that the 30% reduction will only apply to the third and fourth quarters of last year. Specifically, the director of the city’s property management department Jan Rak explained: “The granting of rent discounts will be in the form of an amendment to the existing rental contract. A 30% discount calculated from the monthly rent paid for the third and fourth quarters of last year will be deducted from the rents of contractors in the coming months.

This discount applies to tenants of non-residential commercial premises whose activity has been significantly reduced due to the COVID pandemic.

Those interested in requesting the reduction can submit a request by filling out the form on Prague real estate portal here. Applications should be submitted by May 31st.

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