The Benguet State University has assured tenants within its properties that it is working on the latter’s request for the reduction of their rental fees due to the impacts of the pandemic.
BSU President Felipe Comila said the request of the tenants will be discussed by the university’s Board of Regents, which is yet to meet.
“We all have to be patient in this kind of situation because I cannot immediately implement the decision (to grant their request).We need to get the approval of the board first,” Comila said.
Among those who appealed for a reduced monthly rental fees are the lessees at the strawberry swamp.
Comila said the documents for the reduction or lowering of rates of the monthly rental depending on the monthly quarantine classifications for each month are being prepared for submission to the BOR.
He said the BOR would soon meet to act on the university transactions.
Vice President for Business Affairs Johnny Dati said the lessees who failed to pay their monthly rental fees have signed undertakings with the university starting last year. The tenants were given a six-month grace period to a year to pay their accumulated unpaid rental fees.
Dati said BSU rents out stalls from P80 per square meter to P400 per square meter, depending on the location of the business establishment.
As of April this year, the Business Affairs office reported a total collection of P20 million in net income in its income-generating projects including leasable properties. – Ofelia C. Empian