Rental Support Scheme 2021: Support for Businesses with Rental Cost During Phase 2
As announced, the government will provide Rental Support Scheme (RSS) support to help businesses offset their rental cost during the two Phase 2 heightened alert periods. This cash support will be paid directly to qualifying tenants and owner-occupiers.
Who Qualifies for The Rental Support Scheme (RSS)?
Small-medium enterprises (SMEs) and non-profit organizations (NPOs) with annual revenue less than $100 million in FY2019.
Qualifying Periods For RSS
- 1st RSS Payout
a. stamped lease or license entered into before 14 May 2021 and in force anytime during 14 May 2021 to 29 May 2021.
b. Stamping must be done before 28 May 2021.
- 2nd RSS Payout
a. Stamped lease or license entered into before 20 July 2021 and in force anytime during 22 July 2021 to 18 August 2021.
b. Stamping must be done before 3 August 2021.
How Much Is the Payout?
- 1st RSS Payout
- Tenants – 0.5 months of latest contracted gross rent within the period 14 May 2021 to 29 May 2021
- Owner-occupiers – 0.5 months of the property’s annual value as of 14 May 2021
- 2nd RSS Payout
- Tenants – 0.5 months of latest contracted gross rent within the period 22 July 2021 to 18 August 2021.
- Owner-occupiers – 0.5 months of the property’s annual value as of 22 July 2021.
When Is the Payout?
- 1st RSS Payout – From 6 August 2021
- 2nd RSS Payout – From October 2021
What Are the Qualifying Commercial Properties For RSS?
1. Hotel room or function room of a hotel registered under the Hotels Act
2. Serviced apartment or serviced apartment function room
3. Meetings, incentive travel, conventions and exhibitions venues
4. Premises of a prescribed international cruise or regional ferry terminal
5. Premises of tourist attractions
6. Shop
a. Retail shop
b. Furniture shop
c. Pet shop
d. Supermarket
e. Take-away food shop
f. Bakery and confectionary
g. Pawnshop
h. Dispensary
i. Beauty salon
j. Gym
k. Spa
l. Ticket agency
m. Travel agency
n. Laundry or dry-cleaning shop
o. Department store
p. Post office
q. Showroom
r. Bank
s. Vet clinic
7. Warehouse retail
8. Restaurant
a. Restaurant
b. Café
c. Cybercafe
d. Food court
e. Coffeeshop
f. Market and hawker stalls
g. Bar
h. Night club
9. Amusement centre
a. Video games arcade
b. Computer gaming center
c. Billiard saloon
10. Cinema or theatre
11. Sports and recreational building
a. Social club
b. Golf club
c. Clan and association
d. Skating rink
e. Bowling alley
12. Childcare centre or kindergarten
13. School
a. Tuition centre
b. Language school
c. Computer school
d. Art school
e. Dancing school
f. Speech and drama school
g. Child development center
h. Play school
i. Foreign system school
j. Training or vocation training institute
k. Other private education institution
l. Driving school
14. Heath and medical care building
a. Medical clinic
b. Medical center
c. Dental clinic
d. Hospital
e. Nursing home
f. Hospice
g. Place of rehabilitation
h. Convalescent home
15. Backpackers’ hostel, boarding house, guest house, hotel or students’ hostel that is not a registered hotel
16. Carpark used in connection with the operation of the qualifying properties listed here
17. Spaces used in connection with the operation of the qualifying properties listed here but excluding certain premises
a. Management office
b. Store
c. Function and meeting space
d. Club lounge and other tenements such as atrium space
e. Space for base station
f. Vending machine
g. Signage
h. Advertisement space
i. ATM
j. AXS machine located within the premises listed here
18. Shophouses that are used for the purposes listed here but excluding certain premises
Most qualifying tenants and owner-occupiers will receive the RSS cash payout automatically.
If you are unsure of your eligibility and want to submit an application, click here for more
information: https://docs.google.com/forms/d/e/1FAIpQLSd0xnlTWsd-HIc3uwziTrFYDmQPL_0JCFU7YIoCMCNPpUGtHA/viewform?vc=0&c=0&w=1&flr=0
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