The Prime Minister has announced new measures to help renters. Evictions will be put on hold over the next 6 months
for commercial and residential tenancies in financial distress, who are unable
to meet their commitments due to the impact of the coronavirus.
The Australian Government, together with
the states and territories have agreed on a common set of principles:
·a short term temporary moratorium on eviction for non-payment of rent to be
applied across commercial tenancies impacted by severe rental distress due to
coronavirus
·tenants and landlords are
encouraged to agree on rent relief or temporary amendments to the lease
·the reduction or waiver of
rental payment for a defined period for impacted tenants
·the ability for tenants to
terminate leases and/or seek mediation or conciliation on the grounds of
financial distress
·commercial property owners
should ensure that any benefits received in respect of their properties should
also benefit their tenants in proportion to the economic impact caused by
coronavirus
·landlords and tenants not
significantly affected by coronavirus are expected to honour their lease and
rental agreements
·cost-sharing or deferral of
losses between landlords and tenants, with Commonwealth, state and territory
governments, local government and financial institutions to consider mechanisms
to provide assistance
Source: https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/a-hold-on-evictions-for-renters
Contact jason@realrenta.com if you need assistance with varying rental
payments on your rental ledger.
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Jason Gwerder
Wednesday, 8 April 2020
