No, not all independent traders are satisfied with monthly rent payments

The overwhelming majority of local businesses are not affected by this system which could, on the contrary, prove counterproductive for them in the event of a change in the legislation on security deposits.

The explanation from Marc Sanchez, Secretary General of the SDI and TPE: “The rents paid by 86% of local businesses are already monthly. On this point, the principle of monthly payment instead of quarterly concerns almost exclusively large brands operating within shopping centers.

Consequently, it is regrettable to say the least to present this measure as satisfactory for "traders" in general when it is only for a tiny part of them.

On the contrary, the one-month extension of security deposits proposed by amendment in a special committee by the Senate would have the effect of depriving local businesses of one month's cash rent.

However, there is a measure that has the approval of all traders, regardless of size. This involves the payment of property tax at the sole expense of the owner of the premises, without the latter being able to obtain reimbursement from the tenant.

At this stage, neither the executive nor the legislature have incorporated this unanimous request which would reduce rental charges by 10% to 20% for all traders and craftsmen. »

Illustrative image of the article via Depositphotos.com.