By Sarah Keane • 23 October 2020 • 12:50
50% rent reduction for bars and restaurants in Catalonia forced to close during lockdown.
The Catalan government announced on Wednesday, October 21 that businesses who were unable to carry out their normal function during Covid restrictions – such as bars and restaurants – will be subject to up to 50 per cent rent reduction by law.
In Catalonia, the government announced on October 14 that all bars and restaurants were to be closed for a 15 day period, in a bid to stop the spread of infection in one of Spain’s worst hit areas.
Proportional reductions will apply, with those commercial premises forced to cease trading altogether receiving a 50 per cent reduction. In the cases of other businesses, proportional reductions are now required by law, where an agreement can’t be reached between landlord and tenant.
Meanwhile, the regional government of Catalonia is providing a €40-million fund to help businesses affected by the restrictions, and a credit line of €20-million for loan guarantees.
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Former teacher and health services manager with a Degree in English, Sarah moved to Spain from Southern Ireland with her husband, who runs his own car rental business, in 2019. She is now enjoying a completely different pace and quality of life on the Costa Blanca South, with wonderful Spanish and expat friends in Cabo Roig. Sarah began working with Euro Weekly News in 2020 and loves nothing more than bringing all the latest national and international news to her local community.
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