New Chitose Airport Tenant rent 3 months reduction policy April 14 20:15
The tenants of the terminal building at New Chitose Airport, the gateway to Hokkaido's skies, are also under severe management. For this reason, the building management company has decided to effectively reduce the rent of tenants whose sales have dropped significantly for three months.
At New Chitose Airport, domestic and international flights have decreased significantly due to the spread of the new coronavirus, and sales of tenants such as restaurants and souvenir shops entering the terminal building decreased 76% last month from the same month of the previous year. It means that
For this reason, "New Chitose Airport Terminal Building", which operates the building, will substantially reduce the rent of tenants whose sales have fallen drastically for the three months from last month to next month out of the approximately 190 stores that will enter as tenants. We have solidified our policy.
Specifically, we will abolish the minimum rent that is usually set and change it to a form where a fixed percentage of sales is paid.
As a result, if the sales decrease significantly, the rent will be reduced accordingly.
As a building management company, we want to support the management of tenants in difficult situations by reducing the burden of rents and prevent their withdrawals.