AMOY LANDLORD ENDS GRACE PERIOD

PUBLISHED : Tuesday, 29 April, 2003, 12:00am
UPDATED : Tuesday, 29 April, 2003, 12:00am

Hang Lung Properties yesterday rejected demand for an additional three-month rent-free concessions and further rent cut from shop operators of its Amoy Gardens retail centre in Ngau Tau Kok. The landlord said the group had already waived rents for 20 days, losing more than HK$10 million. It said in a written reply to those operators that landlords and tenants should respect the spirit of lease contracts.


 

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