The tenants were reportedly notified of the discontinued rent waiver on Thursday, February 18, 2021.
Tenants were not required to pay any rent for April 2020, and were further given a 75% cut from May to October 2020 and 50% cut from November 2020 to February 2021.
CEO of Cyril B. Romney Tortola Pier Park Limited, Mr Vance M. Lewis confirmed that discounts on rents have ceased.
"We have notified tenants that from 1st March 2021 full rent will be charged to all TPP tenants," Mr Lewis told Virgin Islands News Online.
Mr Lewis added that the value of the concessions so far is $1.6M.