Wednesday, April 1, 2020

Letter to Tenant Allowing Delayed Payment of Rent

To <tenants>
Sub: Allowing Delayed Payment of Rent for April 2020


Dear Sir,

At the very outset, I would like to wish safety and hope for better days ahead to your company and all its staff members and their families.

This has reference to the sudden shock that has befallen all of us due to the Covid-19 outbreak, which has put most of our business and the industry on halt.

In the capacity of not just the landlord in the current context, but also being a fellow business owner, I can imagine the financial hardship that may have befallen your organization. Our company is a medium-scale enterprise in the already bleeding auto-parts industry. We are currently in the midst of collecting all our pending receivables so that we can manage enough liquidity to ensure that our labor workforce, who are daily wage earners, are paid in time so that they can last this period of shutdown without having to go empty stomach or having to resort to the streets in want of basic necessities and work.

In the meanwhile, we have also written to our bankers to enhance our credit facilities so as to provide support as referred to by the RBI in its relief measures announced on the 27th of March, 2020.

We understand that your business must be facing similar challenges.

Thus, as a goodwill gesture, we are allowing you to pay us rent for the property located at ______________, for the month of April 2020 by 30th April, 2020 instead of by 7th April, 2020.

We would also not be charging you any interest on delayed payment of rent.

Thanking you and wishing safety on you all.


________________ Ltd.