Commercial Landlord Hardship Fund VIC


The Commercial Landlord Hardship Fund provides funding for small private landlords who may not have the financial capacity to provide a rent reduction to their Commercial Tenancy Relief Scheme (CTRS) tenants.

Open
Close date: 31 Oct 2020 11:59 PM AEDT.
Application detail:

This fund will be open for applications until 11.59pm Saturday 31 October 2020 or until funds are exhausted, whichever comes first.

What do you get?

Funding of up to $3000 per tenancy.

Who is this for?

Small private, individual and joint-owner landlords in Victoria.

Overview

This program has been created in recognition of small, private landlords who may not have the capacity to provide rent reductions to their tenants under the requirements of the Commercial Tenancy Relief Scheme (CTRS).

Funding is available to eligible small private, individual and joint-owner landlords, who are facing financial hardship after reducing rent for their tenants under CTRS requirements.

What are the eligibility criteria?

To be eligible, the applicant must:

  • be a private individual (i.e. a person) or joint landlords who are private individuals
  • have total taxable landholdings (which may include part holdings) of less than $1 million as shown by the 2020 State Revenue Office Land Tax Assessment
  • be a landlord (or landlords) to 1 or more properties where a tenant is eligible for Commercial Tenancy Relief Scheme (CTRS) in Victoria, meaning that the tenant is:
    • a small to medium enterprise (SME) with a turnover under $50 million with an Australian business number (ABN), and
    • participating in the Commonwealth Government’s JobKeeper scheme
  • have provided rent relief to the tenant in accordance with the current regulations (and as evidenced in the current lease agreement) that must be at least 30% of total rent payable, of which at least 50% of the rent relief is in the form of a waiver for the equivalent of a minimum three-month period:
    • before the date of commencement of this fund, or
    • after the date of the commencement of this fund
  • be in financial hardship or about to be in financial hardship, due to reducing rent for the relevant CTRS-eligible tenant

How do you apply?

Find out more about eligibility and how to apply at Commercial Landlord Hardship Fund.

Contact information