Streaming issues? Report here
702 logo Gradients 702 logo Gradients
Best of 702
00:00 - 06:00
volume_up
volume_mute

Up Next: Weekend Breakfast with Refiloe Mpakanyane
See full line-up
Best of 702
00:00 - 06:00
Home
arrow_forward
MyMoney Online

Covid-19: Struggling to pay - or collect - the rent?

2 April 2020 7:37 PM

The Money Show's Bruce Whitfield interviews property lawyer Julian Scher about rental payment problems caused by Covid-19.

South Africa is facing a deep and prolonged economic downturn amidst the Covid-19 outbreak.

Many tenants who were formerly in good standing will soon be unable to pay their rent.

Picture: 123rf.com

Many leases don’t have a “force majeure” (aka “Act of God”) clause to cover for events such as Covid-19.

In other words, it’s a breach of contract, if a tenant becomes unable to pay.

But these are extraordinary times; landlords and tenants may come to an amicable agreement while the crisis persists.

The Money Show’s Bruce Whitfield interviewed Julian Scher (Partner & Property Lawyer at Strauss Scher Attorneys) about rental payment problems caused by Covid-19.

In most commercial leases you should find a clause that deals with events beyond the control of the parties… A classic example is if the building is destroyed…

Julian Scher, property lawyer - Strauss Scher Attorneys

Read the lease… if there is nothing in it, then we fall back on common law… it, unfortunately, doesn’t recognize hardship as a result of the Covid-19 environment…

Julian Scher, property lawyer - Strauss Scher Attorneys

In my view, Covid-19… performance is still possible…

Julian Scher, property lawyer - Strauss Scher Attorneys

For more detail, listen to the interview in the audio below.


2 April 2020 7:37 PM

More from MyMoney Online

absajpg

Absa wins international award for its response to Covid-19

5 August 2020 11:38 AM

The bank is one of only six in the world to be recognised in this way for outstanding performance during the global health crisis.

Share this:
Read More arrow_forward

TikTok 123rf 123rfbusiness 123rfworld 123rflifestyle

Microsoft wants to buy TikTok. Donald Trump gives it 45 days to negotiate

3 August 2020 7:23 PM

[EXPLAINED] The Money Show’s Bruce Whitfield interviews Craig Wilson, Editor at Stuff Magazine.

Share this:
Read More arrow_forward

Nigeria flag nigerian 123rf 123rfAfrica 123rfBusiness

Shoprite pulls the plug on Nigeria (pop 206m) – trouble for SA companies abroad?

3 August 2020 6:34 PM

Shoprite is exiting the oil-rich but spending-money-poor nation. Bruce Whitfield interviews Dianna Games (Africa At Work).

Share this:
Read More arrow_forward

Mine mineworker mining gold platinum coal 123rfbusiness 123rf

Resilient Amplats reports rise in earnings (Ebitda), solid balance sheet

27 July 2020 7:06 PM

The Money Show’s Bruce Whitfield interviews Natascha Viljoen, CEO at Amplats.

Share this:
Read More arrow_forward

Covid-19 insurance 123rf 123rfbusiness 123rflifestyle 123rfpersonalfinance

Santam to pay out R1 billion to policyholders in 'business interruption' relief

27 July 2020 6:29 PM

It still argues that the lockdown, not the pandemic, is responsible for its clients’ losses. Bruce Whitfield interviews its CEO.

Share this:
Read More arrow_forward

Herschel Jawitz

Real estate royalty Herschel Jawitz comes clean about his money habits, beliefs

20 July 2020 8:13 PM

Bruce Whitfield talks to Jawitz Properties CEO Herschel Jawitz about his attitude to money (hopes, fears, successes, failures...).

Share this:
Read More arrow_forward

Man working from home zoom meeting boxer shorts underpants 123rf 123rfbusiness

Tips to pay less tax - and to get a refund from Sars - when working from home

20 July 2020 7:11 PM

The Money Show’s Bruce Whitfield interviews Matthew Haddon, Director at tax consultancy Simple Tax.

Share this:
Read More arrow_forward

Gold bars 123rf 123rfbusiness 123rflifestyle

Investing in a pandemic: Gold remains the gold standard

14 July 2020 7:28 PM

Gold is glittering. Arabile Gumede asks Izak Odendaal (Investment Analyst at Old Mutual Wealth) to tell us more.

Share this:
Read More arrow_forward

Day trader investor stocks shares equities trading 123rf 123rfbusiness

'1st-time traders are buying the sh*ttiest stocks! Everyone is getting rich!'

14 July 2020 7:03 PM

What is Robinhood? Why is Tesla booming? Arabile Gumede interviews Paul Theron, potty-mouthed MD of Vestact Asset Management.

Share this:
Read More arrow_forward

Woman saving money piggy bank mask 123rf 123rfbusiness 123rflifestyle

Supersaver Julia has changed lives, and she can change yours! – Bruce Whitfield

9 July 2020 3:00 PM

Need the inspiration to save? The Money Show’s Bruce Whitfield interviews “Supersaver Julia” at around 7:15 pm tonight.

Share this:
Read More arrow_forward