Tenants, and sub-tenants of head leases, are battling to cope with rental increases due to the ‘tough consumer environment’
Residential-focused Indluplace is concerned about SA's weak economy, as are many property groups. Picture: SUPPLIED
“We are working in a very tough consumer environment and we have not met our budgets in terms of the income we expected to receive,” said De Wit. Indluplace tried to use rent specials to incentivise leasing, but vacancies and evictions of non- paying tenants have risen with associated legal costs.
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