The associations and federations representing landlords and retailers welcome the implementation of the tax credit offered by the Government to encourage the cancellation of rents for closed shops
Since the commitments made by the federations of landlords on 17 April and the establishment of a charter of best practices for the negotiation of Q2 2020 rent waivers or postponements, the members of the federations of landlords, the insurers and CDC Habitat have started implementing rent postponements and waivers for periods when shops are closed as part of discussions with their tenants. Some of these discussions are still ongoing and must continue.
In view of the new period of lockdown for points of sale decided by the Government as part of general measures needed to deal with the Covid-19 pandemic, the Government has just announced the creation of a 50% tax credit for landlords who cancel the rents of their tenants with fewer than 250 employees for the November closure. For landlords with tenants that employ between 250 and 5,000 employees, one-third of the rent would remain payable by the tenant and the 50% tax credit would be calculated up to two-thirds of the rent.
The federations of retailers and landlords welcome this decision by the Government, which will facilitate the cancellation of rents during the period of administrative closure and will thus support businesses during this new lockdown.
The federations of landlords, CDC Habitat, the FNAIM and the FFA are calling on all their members to use this tax credit and to grant a waiver for the rent due in November for shops with less than 250 employees that are currently closed, excluding charges that will remain due since they relate to actual costs incurred by the owners even when the shops are closed. For closed shops employing between 250 and 5,000 employees, the federations of landlords that have signed this press release call on their members to cancel two-thirds of the November rent.
They also encourage other landlords to make use of this tax credit and to put in place these solidarity measures as well.
The Procos and the Alliance welcome this commitment for retailers and call, in a spirit of fairness, on their members who employ between 250 and 5,000 employees to pay one third of their rents and the charges for the month of November.
For the Conseil National des Centres Commerciaux1, for its college of landlords (CNCC)
Jacques Ehrmann, President
For the Fédération des Sociétés Immobilières et Foncières2 (FSIF)
Maryse Aulagnon, President
For the Association Française de la Gestion financière 3 (AFG)
Eric Pinon, President
For the Association Française des Sociétés de Placements Immobiliers 4(ASPIM)
Jean-Marc Coly, President
For CDC Habitat, Caisse des Dépôts Group
André Yché, President
For the Union nationale des propriétaires immobiliers5 (UNPI)
Christophe Demerson, President
For the Fédération nationale de l’Immobilier 6(FNAIM)
Jean-Marc Torrollion, President
For the French Insurance Federation (FFA)
Florence Lustman, President
For the PROCOS
Laurence Paganini, President
For the Alliance du Commerce
Christian Pimont, President
For the Fédération du Commerce Associé7
Eric Plat, President
1 National Council of Shopping Centres
2 Federation of Real Estate and Property Companies
3 French Asset Management Association
4 French Association of Real Estate Investment Companies
5 National Union of Property Owners
6 National Federation of Real Estate
7 Federation of Associated Trade