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ARTICLE · 16 DECEMBER 2020

NSW budget extends COVID-19 rental relief

Recent changes to the scope of commercial property allow for greater relief & flexibility to support all during COVID-19.

AustraliaReal Estate and Construction

Assisted by Francesca Zappia

Following on from our previous commercial property blog on 'COVID-19 and Leases - The Next Chapter in Rental Relief', we can now at least say, that there have been some changes regarding the COVID-19 rental relief regime. In the recent 2020-21 State Budget, the Government announced many changes to the scope of commercial property which allow for greater relief and flexibility to support both landlords and tenants during the unprecedented times of COVID-19.

Rent Relief - What has changed?

  • The major change on the ability to apply for rental relief is the extension of the Retail and Other Commercial Leases (COVID-19) Regulation (NSW) from 25 October 2020 to 28 March 2021. This supports tenants in that they are now able to claim rental relief for a further five months over the original repeal date.

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