The government of Nova Scotia is encouraging landlords to defer rent payments for their commercial tenants for 3 months, spreading the deferred rent amount over the rest of the lease term.
- If you’re deferring rent because your tenant’s business is shut down or significantly restricted by the Health Protection Act order, you could be eligible for coverage (up to a maximum of $50,000 per landlord and $15,000 per tenant) if you can’t recover the deferred rent.
- To be eligible for the COVID-19 Small Business Rental Deferral Guarantee Program, landlords must register with the Department of Business by 3 April by emailing NSRentDeferral@novascotia.ca. The rent deferral agreement must be in place by 1 April.
For more information read the COVID-19 Rent Deferral Support Program guidelines.