Extension to COVID-19 Regulations in relation to commercial leases and licences
Jaala Pulford, the Victorian Minister for Small Business has posted an announcement stating that the existing Commercial Tenancy Relief Scheme will be extended “to provide support for small businesses that need it – to 28 March 2021 and in line with the Mandatory Code agreed by National Cabinet.”
“That means freezes on rent increases and bans on evictions for eligible small businesses that have requested rent relief will continue until that date.
Commercial landlords are required to provide rent relief in proportion to the tenant’s fall in turnover while the Victorian Small Business Commission is on hand to provide free mediation to resolve disputes.
Support for landlords will also be extended.
Commercial tenants and landlords can get more information at vsbc.vic.gov.au.”
Author: Cathy Drake