The Victorian Government has issued regulations for the new Commercial Tenancy Relief Scheme which set out the process that must be followed by landlords and tenants in respect of further requests for rent relief as well as other requirements in respect of leases.
To qualify for rent relief, tenants must meet a decline in turnover test which generally compares their turnover during three consecutive months between 1 April and 30 September 2021 to the same three months in 2019. Requests for rent relief must be provided to landlords on or before 30 September if the tenant wants the rent relief to be backdated to the commencement of the new scheme.
In this webinar, our team of experts, Partners Craig Whatman and Andrew Clugston and Senior Manager Nicole Hornsby shared more about the scheme and how the rules apply to you and your business.
For more view the Victorian Government reintroduces rent relief for eligible tenants article.