Relief for commercial tenants
Last Updated: 19 October 2020
The Government has announced a range of measures to help renters. This includes a temporary hold on evictions and a mandatory code of conduct for commercial tenancies to support small and medium sized enterprises (SMEs) affected by coronavirus.
Hold on evictions for renters
Evictions will be put on hold for commercial and residential tenants in financial distress, who are unable to meet their commitments due to the impact of the coronavirus.
Code of conduct for commercial tenancies
A mandatory code of conduct outlines a set of good faith leasing principles for commercial tenancies including:
- retail
- office
- industrial
between:
- owners
- operators
- other landlords
- tenants
This code applies to tenants that are:
- a small to medium sized business with an annual turnover of up to $50 million
- eligible for the JobKeeper Payment
Rent reductions will be based on the tenant’s decline in turnover to ensure that the burden is shared between landlords and tenants.
Check with your state or territory
The code and its principles will be implemented and regulated by your relevant state or territory.
