Toronto Mayor just asked landlords to give small businesses a break when it comes to rent .
Toronto Mayor just asked landlords to give small businesses a break when it comes to rent .
Mayor John Tory has put out a statement calling for commercial landlords in Toronto to cut their tenants some slackĀ during the COVID-19 pandemic.
In aĀ videoĀ uploaded to his YouTube channelĀ Saturday, the mayor called for landlords to “try and make some arrangement”Ā with restaurant- and shop-owners to ease the financial burden of rent during the closure ofĀ all non-essential businesses.
“The idea here is that those shops and restaurants can open again when this nightmare is over, and be back in business with all the jobs they create.”
Tory suggests spreading rent over the rest of the year, to provide “some urgent, short-term relief.”
The City has already deferred all penalties on late property taxes and bill payments until mid-May, andĀ Canadian banks have announcedĀ that they’ll allow homeowners toĀ defer their mortgage paymentsĀ for up to six months.
The Province has also banned residential evictions during this time, however, there are no protections against evictions for commercial tenants.
ResidentialĀ rent strikesĀ were organized on April 1, but there’s been no word from the Ontario government regarding what subsidies or deferrals have been arranged for commercial tenants facing the same financial woes.
Source blogto.com .Ā Click here to read a full story
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