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  • Rental Rebates and Payment Scheme For Counters, Carpark, Airline Lounges and Promotion

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    Siti Noorsyamim
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    Malaysia Airports is offering two rental rebate and payment schemes (Packages A and B) for business partners affected by the COVID-19 pandemic. Package A offers 100% rental rebate for 6 months and discounts on outstanding charges if partners pay outstanding rent by December 15th. Package B offers 50% rental rebate for 9 months, with outstanding rent paid in installments until June 2021 and discounts on charges, subject to providing security and post-dated cheques. The packages aim to provide relief to partners and are subject to terms set by Malaysia Airports.

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    RENTAL REBATES AND PAYMENT SCHEME FOR COUNTERS, CARPARK, AIRLINE LOUNGES AND PROMOTION

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    Malaysia Airports is offering two rental rebate and payment schemes (Packages A and B) for business partners affected by the COVID-19 pandemic. Package A offers 100% rental rebate for 6 months and discounts on outstanding charges if partners pay outstanding rent by December 15th. Package B offers 50% rental rebate for 9 months, with outstanding rent paid in installments until June 2021 and discounts on charges, subject to providing security and post-dated cheques. The packages aim to provide relief to partners and are subject to terms set by Malaysia Airports.

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    © All Rights Reserved
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    5 views1 page

    Rental Rebates and Payment Scheme For Counters, Carpark, Airline Lounges and Promotion

    Uploaded by

    Siti Noorsyamim
    Malaysia Airports is offering two rental rebate and payment schemes (Packages A and B) for business partners affected by the COVID-19 pandemic. Package A offers 100% rental rebate for 6 months and discounts on outstanding charges if partners pay outstanding rent by December 15th. Package B offers 50% rental rebate for 9 months, with outstanding rent paid in installments until June 2021 and discounts on charges, subject to providing security and post-dated cheques. The packages aim to provide relief to partners and are subject to terms set by Malaysia Airports.

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    of 1

    Ref : MAHB/COMM (600-CIRCULAR)

    Date : 1st December 2020

    Dear Sir / Madam,

    COVID-19 PANDEMIC: RENTAL REBATE AND PAYMENT SCHEME FOR COUNTERS, CAR PARK, AIRLINE
    LOUNGES AND PROMOTION

    We refer to the above matter. We are pleased to inform that Malaysia Airports is offering Rental Rebate and
    Payment Scheme packages for all business partners as follow:

    Option Terms Pre- Requisite Conditions


    Package • 100% rental rebate for 6 months from July 2020 to • To settle all outstanding due as at 29th
    A December 2020. February 2020 and LPC net of discounts
    • To settle all remaining outstanding rental from March by 15th December 2020.
    2020 to June 2020 by 21st December 2020. • To provide acceptance of contract
    • 50% discounts on total outstanding late payment continuity under Casual Leasing until
    charges (“LPC”) as at September 2020 and suspension 31st December 2021 by 21st December
    of LPC calculation from October to December 2020. 2020.
    Package • 50% rental rebate for 9 months from April 2020 to • To provide Minimum of two (2) months
    B December 2020. Security Deposit or Director Guarantee
    • To settle all remaining outstanding rental from March by 21st December 2020.
    2020 to December 2020 via six (6) monthly • To provide post-dated cheques for the
    instalments. instalment plan (Package B).
    • 6% interest per annum to be charged for this • In the event of default on the
    instalment. instalment plan, the instalment plan
    • Instalment plan shall take effect from January 2021 to shall be void and Malaysia Airports shall
    June 2021. be entitled to the full outstanding
    • 50% discounts on total outstanding LPC as at contract amount.
    September 2020 and suspension of LPC calculation
    from October to December 2020.

    The above packages are subject to the terms and conditions set out by Malaysia Airports. Malaysia Airports
    takes no responsibility for the contents of this Circular and the attachments, makes no representation as to
    its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
    from or in reliance upon the whole or any part of the contents of this Circular.

    This Circular shall constitute as our conditional offer to all business partners subject to the fulfilment of the
    abovementioned Pre-Requisite Conditions by business partners. The final terms and conditions will be issued
    thereafter.

    Please click here to submit your reply by 7th December 2020 by 6:00 P.M. Malaysian time.

    This Circular shall supersede all our previous rental assistance offers. Disclosure of any information relating
    to this Circular and its contents to a third party shall be strictly prohibited. Nothing herein contained shall
    deprived our rights under the agreements or the law which we hereby expressly reserved.

    For further query, please contact retailrelations@malaysiaairports.com.my.

    Thank you.

    Note: This is a computer-generated letter and no signature is required

    MALAYSIA AIRPORTS HOLDINGS BERHAD Registration No. 199901012192 (487092-W)


    Malaysia Airports Corporate Office, Persiaran Korporat KLIA, 64000 KLIA, Sepang, Selangor, Malaysia
    T 603-8777 7000 F 603-8777 7778 W www.malaysiaairports.com.my

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