KUALA LUMPUR (April 17): Speedhome and KYY Home will provide rent subsidies amounting to RM500,000 to Malaysian tenants to deal with the tough economic situation caused by the Covid-19 pandemic.

Speedhome chief executive officer Wong Whei Meng said in the rent relief programme, two months’ rental will be entirely free for tenants whose incomes have been affected by the pandemic.

“Our data shows more than 10% of tenants may not be able to continue paying for their property because of the impact of Covid-19 on their jobs,” he said in a statement yesterday.

Meanwhile, KYY Home managing director Marcus Low said business owners who are financially well off have a responsibility to society during this difficult period.

“We are delighted to play a small part and make a difference by offering two months’ rental relief to our tenants. We hope this helps them in these difficult times,” he said.

He said all tenants have to log into an account on Speedhome and after setting up an account, they need to search for a property marked KYY on the website and send a chat request after watching the property video.

If the tenant finds the property suitable, they can move in, he said.