Coronavirus lockdown: 16% landlords waive rent for up to 2 months; 41% give tenants more time to pay: Survey

"Most of the landlords are extending a helping hand to the tenants - 44 percent have not increased the rent, 41 percent are giving more time to their tenants to pay and 16 percent have waived the rent for up to two months," the portal, which has over 10 lakh residential and commercial properties listed by owners and brokers, said in a statement.

PTI

May 08, 2020 / 17:24 IST

26 Aug, 2025 12:21

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A survey has showed that around 16 percent landlords waived rent for up to two months, while another 41 percent gave tenants extension on rental payments in view of a financial crunch during the coronavirus lockdown.

The survey, conducted by property classified 99acres.com which is owned by Info Edge India Ltd, polled 49,600 house owners and brokers who have listed properties for rent or sale. The survey's motive was to assess the impact of the coronavirus pandemic on the property market.

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"Most of the landlords are extending a helping hand to the tenants - 44 percent have not increased the rent, 41 percent are giving more time to their tenants to pay and 16 percent have waived the rent for up to two months," the portal, which has over 10 lakh residential and commercial properties listed by owners and brokers, said in a statement.

Despite the sluggish market, 76 percent owners are still looking for renting out their property, whereas 24 percent have postponed the search for tenants.

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Frequently Asked Questions

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