Important information - City of Prague will not require tenants to pay default interest for the duration of the health crisis

Important information - City of Prague will not require tenants to pay default interest for the duration of the health crisis


3/16/2020

In its resolution No. 498 of 16 March 2020, Prague City Council agreed not to charge tenants a default interest for late rent payments as of 3 March 2020 or terminate respective contracts for the same reason. The resolution does not apply to entities that have been engaged in a property-related lawsuit with the City of Prague (see more details in the Documents section on this page). The resolution shall be applicable for the duration of the state of emergency declared by the Czech government by its resolution No. 194 of 12 March 2020 due to health threats related to the occurrence of the SARS CoV-2 coronavirus and associated quarantine measures.