Oireachtas Joint and Select Committees
Tuesday, 30 June 2020
Special Committee on Covid-19 Response
Impact of Covid-19: Hospitality Sector
Mr. Adrian Cummins:
Some 75% of landlords are demanding full rent with no cuts or deferments. That is wrong. There must be some sort of State intervention or apparatus to bring all parties to the table and ensure burden-sharing. That means the banks need to give some sort of leniency to landlords who may have mortgages on properties. Landlords in turn must give tenants some sort of reduction in rent. This is not just an issue for those of us in hospitality. Retailers are in the same boat. This will have a domino effect.