Developers will get a reprieve on rent payments

a New package of anti-crisis measures adopted in the capital, includes tools to support development companies. They will allow developers to get a deferral of the lease payments is more than.

Moscow’s Economy, he said, quite steadily undergoing a period of adaptation to new conditions. The accumulated margin of safety while making the drop is relatively small — 10-20 percent compared to the same period last year.

“the Moscow Government is implementing three support package, there is constant interaction with all branches of the capital’s business and monitor its status. On the eve of the meeting of the operational headquarters for Moscow’s economy, we announced the first measures to support the construction of the complex, which was developed together with leading developers of the capital”, — said Vladimir Yefimov.

Help in lending in the capital adopted the third package of measures to support business Moscow approved the priority measures to support business

For the construction of large-scale commercial properties owners who rent land plots. Rates payable in the first year of the lease of the site depend on density, in the third and subsequent years — it increased from three to eight percent of the inventory, there are also market rental rates.

the Delay will affect tenants of the land plots with the total area on which is now erected community centers, parks, multifunctional complexes, sports centres, educational and cultural facilities.

Also under the third package, the city provides interest-free deferral until December 31, 2020 payment of the second quarter of 2020 for the change of purpose of land rental agreements. Impose a moratorium on the accrual of interest on the installment payments the second quarter of 2020 for the change of purpose of land rental agreements. In addition, the planned transfer of increased rent payments for the change of purpose of land for the second quarter of 2020.

land Owners when changing the type of their permitted use for new construction will also be able to obtain postponement of payments for the second quarter of 2020.

To be exempt from rent investors need to apply online or by mail to the Department of city property by writing a statement indicating the number of the lease or financing account. Documents can be submitted until 31 December 2020, which will be made after the allocation of rents.

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