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Oudinot Charges 50% Rent on All Spaces

Contrary to a public statement, the administration of the Oudinot Shopping Centre, Funchal has insisted that all tenants pay 50% rent for this month and May.  Initially, said one of the tenants to reporters they were exempt from payment in April and would pay 50% of their rent in May.

The truth is that the shopping centre administration says that this decision is not the result of a legal imposition, but of a collaborative measure which takes into account the the difficulties that shopkeepers and entrepreneurs are experiencing.

So with an economy in free-fall, they think they are doing shopkeepers and entrepreneurs a favour!

Samantha Gannon

info at madeira-weekly.com

Madeira Weekly