The Queensland Civil and Administrative Tribunal (QCAT) has been in the news this week after it was reported that a landlord on the Sunshine Coast would be forced to discount rent for its long-term tenants after the QCAT ruled the landlord could not demonstrate that reducing the rent would put the landlord at a financial [...]
Following the introduction of the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (Vic), many tenants and landlords have been in the unfortunate position of trying to navigate an agreement on rental concessions against a backdrop of regulations which are, to some extent, lacking in clarity. Helpfully, the Small Business Commission (SBC) has [...]
Following a national cabinet meeting, the Prime Minister has today announced new rental waivers and deferrals for commercial and retail lease tenants who have been impacted by the COVID-19 pandemic. Under this new ‘code of conduct’, landlords will be required to reduce leases in proportion to the reduction in the tenant’s business. The code will [...]
