Commercial Tenancy Relief Scheme VIC


The Victorian government has reintroduced a commercial tenancy relief scheme to help alleviate financial hardship faced by commercial tenants and landlords as a result of the COVID-19 pandemic.

Open
Close date: 15 Jan 2022.

What do you get?

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

Who is this for?

Eligible Victorian commercial landlords and tenants.

Overview

This scheme aims to alleviate financial hardship faced by tenants and landlords as a result of the COVID-19 pandemic.

Eligible business owners will get relief in the form of a proportionate reduction in rent. For example, a business with a turnover of 40% of pre-pandemic levels can only be charged 40% of its rent. Of the balance, at least half must be waived, with the remainder deferred.

Tenants and landlords will also have access to free and impartial mediation to help them negotiate a rent relief agreement if a fair agreement can't be reached.

To help landlords who provide their eligible tenants with rent relief, the government will provide land tax relief of up to 25%. In addition, small landlords who can demonstrate acute hardship will be eligible to apply for payments as part of a hardship fund. More details will be made available on the Business Victoria website.

The scheme will be applied retrospectively from 28 July 2021 and will run until 15 January 2022.

What are the eligibility criteria?

To be eligible, you must:

  • be a small to medium commercial tenant
  • have an annual turnover under $50 million
  • be able to demonstrate a decline in turnover of at least 30% due to the impacts of COVID-19.

How do you apply?

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

Contact information