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Commercial Tenancy Relief Scheme VIC


The Victorian government has introduced a commercial tenancy relief scheme to help alleviate financial hardship faced by commercial tenants and landlords as a result of coronavirus (COVID-19).

Open
Application detail:

Apply at any time.

What do you get?

Protection for commercial tenants and land tax relief for commercial landlords.

Who is this for?

Victorian commercial landlords and tenants.

Overview

For commercial tenants and landlords, the scheme will provide the following support:

  • a 6 month moratorium on commercial tenancy evictions from 29 March 2020 for the non-payment of rent for small to medium enterprises with an annual turnover under $50 million that have experienced a minimum 30% reduction in turnover due to coronavirus (COVID-19)
  • freeze on rent increases during the moratorium for commercial tenants
  • a rental payment waiver or deferral proportionate to commercial tenants’ income reduction due to coronavirus (COVID-19), to be negotiated between tenant and landlord
  • a mediation service for commercial tenants and landlords to support fair tenancy negotiations

Additionally land tax relief will be available to commercial landlords that give rent relief to their tenants, provided the tenant:

  • has an annual turnover that doesn’t exceed $50 million
  • is an eligible business in the Commonwealth’s JobKeeper program, and
  • is suffering financial stress or hardship as a result of the pandemic

You can find out more about eligibility and how to apply at Commercial Tenancy Relief Scheme.

Contact information