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Commercial rental support may be extended to third quarter
In the spring amending budget, the Government announced that the central government rental support scheme would be extended through the second quarter of 2021. Following an agreement between the government parties, the Centre Party and the Liberal Party, the Government now intends to examine the conditions for extending the scheme through the third quarter of 2021.
On 3 May, applications opened for rental support for the period January–March this year. The Government had previously announced that the scheme would be extended through the second quarter. The government parties, the Centre Party and the Liberal Party now have a joint ambition to extend it through the third quarter.
Under the terms of the rental support schemes for the first and second quarters, landlords who reduce fixed rents for tenants in vulnerable sectors are eligible to apply for support to compensate for part of the rent rebate. The central government support covers 50 per cent of the reduction in fixed rent.
In accordance with the regulatory framework for State aid, the European Commission must approve the rental support scheme before it is implemented. Under today’s decision, the Government will examine the conditions for extending the scheme through the third quarter.
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