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Real Estate

Temporary Relief Measures for Tenants and Landlords, Purchasers and Developers in COVID-19 (Temporary Measures) (Amendment) Act 2020 (Updated 11 August 2020)

The COVID-19 (Temporary Measures) Act 2020 ("principal Act") provides for, among other things, targeted and temporary reliefs for individuals and businesses that are unable to perform certain contracts due to the uncertainties brought about by COVID-19.

On 5 June 2020, the COVID-19 (Temporary Measures) (Amendment) Bill 2020 was passed in Parliament. The COVID-19 (Temporary Measures) (Amendment) Act 2020 ("Amendment Act") aims to revise the principal Act to provide for, among other changes, relief measures relating to tenants, landlords and intending purchasers, including a framework for rental relief. On 31 July 2020, the provisions in the Amendment Act setting out these relief measures as well as the statutory limit on the amount of late payment interest and charges for arrears under certain prescribed contracts came into force. In this Update, we share with you the key features of the provisions of the principal Act and the subsidiary legislation that deal with these measures.

Singapore | Real Estate | 11 August 2020


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