5-month rent waiver ordered for state, municipal business premises

Government

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The government has ordered a five-month rent waiver for state and municipal business premises if the tenant can be classified in one of the 25 areas of activity listed in a government decree that came into effect as of yesterday, writes business daily Világgazdaság. 

The decree on the release of rent for state and municipal business premises was listed in the latest issue of the official Magyar Közlöny (Hungarian Gazette). 

According to this, from February to June, certain enterprises renting premises owned by the state and local government or by a company controlled by the state or local government with the majority influence of the state or local government are exempted from paying rent. 

The exemption, in addition to the specified activities, only applies to contracts concluded before the new regulation came into force, in particular those on the basis of which the tenant started operating in the property concerned before November 4, 2020.

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