This article was co-authored by Law Cadet Nikala
Speed.
Small commercial and retail landlords may be eligible for relief
under the new Commercial Landlord Hardship Fund ('Fund').
The NSW Government has set up the fund to support landlords who are
experiencing hardship as a result of reducing rent for their
tenants pursuant to the Retail and Other Commercial Leases
(COVID-19) Regulation 2021 (Regulation).
The Fund will grant up to $3,000 a month per tenancy to the
eligible landowners who:
- will suffer hardship as a result of waiving some or all of the
rent for a tenant financially impacted by COVID-19; and
- have not claimed any land tax relief for rent reductions
provided between 1 July 2021 and 31 December 2021.
