Iligan City and some other areas in Northern Mindanao are under Enhanced Community Quarantine (ECQ). Here is a copy of Memorandum Circular No. 20-12, series of 2020 by the Department of Trade and Industry (DTI) which prescribes the guidelines on the 30-day grace period on residential rents and commercial rents on Micro, Small, and Medium Enterprises (MSMEs) with dues falling within the ECQ period.
As a summary, the DTI will enforce a 30-day grace period for commercial rents that fall within the duration of ECQ to give respite to MSMEs that have temporarily ceased operations and will also not incur interest, penalties, fees, and other charges under the grace period. Similarly, DTI will ensure that a minimum of 30 days grace period shall be granted for residential rent that fall due within the ECQ under the same term.
On the other hand, lessors are not obligated to refund residential and commercial rents already paid by lessees during the ECQ. However, lessors must grant a minimum of a 30-day grace period from the next due date of residential and commercial rents without interests and other penalties as well.
Read full text below.
images from dti.gov.ph