Small commercial landlords, often retirees dependent on rent for their income, have been hit hard by pre-emptive moves from powerful fast-food chains including Red Rooster and Hungry Jack's, to cut or defer rent in response to the coronavirus economic crunch.
Letters issued to individual landlords this week, obtained by The Australian Financial Review, reveal the new rent arrangements set out by Red Rooster and Hungry Jack's.
Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
