Victorian Government reintroduces COVID commercial tenancy relief scheme

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Holding Redlich

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The government is working on legislation to reintroduce a rent relief regime for business tenants facing hardship.
Australia Coronavirus (COVID-19)

The Victorian government has announced that it is working on legislation to reintroduce a rent relief regime for business tenants facing hardship.

Tenants with a turnover under $50 million can expect to be in line for protection from eviction in certain circumstances, and be eligible for rent relief where their turnover has dropped by more than 30 per cent as a result of COVID-19. The mediation scheme will also be reintroduced.

Hardship relief may also be available to landlords.

We will have a more in-depth update coming shortly.

This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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