the Government of Moscow approved the procedure for payment of grants to owners and landlords of commercial real estate. This means they can be spent on compensation of property and land payments. This was reported by Deputy Moscow Mayor for economic policy and property and land relations Vladimir Yefimov.

According to the approved order, the owners and landlords of commercial property will be able to compensate property payments for trade, public catering and domestic services from 1 March to 1 July 2020. If a forced suspension of activities will continue further, for the last day of the month, which ended restrictions on working. Hotel owners can offset the payments for the second quarter of 2020.

the Grant in the amount of 100 percent of the amount of the property tax, land tax, land rent paid in respect of premises given in lease, provided that all landlords will reduce rents by at least 50 percent of the initial rate not less than the double amount of the amount of property charges.

For a grant in the amount of 50 percent of the amount of property payments to claim owners who independently utilize the area of its commercial property.

soon to be determined date for receipt of applications, approved their form and manner of filing the appropriate documents are being developed.

To verify the organization’s compliance with the requirements of the grant allotted 20 working days. This period may be extended if required to obtain from the applicant additional information or documents. The signing of the contract with the recipient of the grant will take five business days.