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[BUSINESS] · Poland · 2 sources

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Łódź to reduce rents for bookstores and antiquarian shops by 50%

The city of Łódź plans to introduce a 50 percent rent reduction for bookstores and antiquarian shops operating in municipal commercial premises. The preferential rates will apply citywide, regardless of the specific location.

To qualify for the discount, business owners must submit an application demonstrating that book sales or antiquarian activities constitute their primary business profile. Specific requirements include that at least 70 percent of the premises area must be dedicated to these activities and at least 70 percent of the revenue must be derived from them. Additionally, tenants must have no outstanding debts regarding rent, lease-related fees, or property taxes.

Łódź Mayor Hanna Zdanowska stated the initiative aims to preserve the city's character by supporting small businesses against the dominance of large retail chains. The preferential rate will be valid for 12 months, with the possibility of an extension, and will take effect the month following the submission of a complete application.

Entities

Hanna Zdanowska · Łódź