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ARTICLE · 11 JUNE 2020

SME commercial leasing principles during COVID-19: National Code of Conduct

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This article sets out key elements of the Code by asking and answering basic questions for landlords and tenants.

AustraliaReal Estate and Construction

SME leasing principles during COVID-19: National Code of Conduct

With pressure mounting on landlords, tenants and the Federal and State Governments, the Prime Minister has announced a compulsory code of conduct (Code) for landlords and tenants dealings with rentals during the COVID-19 crisis. (The Code is set out in full at the end of this FAQ)

This article sets out the key elements of the Code by asking and answering some basic questions relevant to landlords and tenants.

What is the purpose of the Code?

The purpose is to create a good faith negotiating environment within specific parameters for landlords and tenants to reach agreement about rents during the COVID-19 crisis. "The objective of the Code is to share, in a proportionate, measured manner, the financial risk and cash-flow impact."

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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