The information contained in this article is current as at 16 April 2020 and may no longer be up-to-date. To view information on the latest coronavirus updates, please visit our COVID-19 Updates, Webinars and Resources page or alternatively contact us on (03) 9560 2922 for further information on any recent changes.
The Victorian State Government has on 15 April 2020 announced some more commercial tenancy relief measures to assist Landlords and Tenants in resolving a response to COVID-19. In line with implementing National Cabinet’s Mandatory Code of Conduct (details of which can be found here) the Victorian government is encouraging Landlords and Tenants to resolve the economic impacts together and vary their Lease in a manner which works for each of them. To facilitate this, the government will grant Land Tax relief for Landlords who provide rent relief for Tenants – 25% discount on land tax for 2020 and a deferral of the balance until March 2021. Rent increases are also intended to be “paused” for 6 months.
The Press Release from the State Government can be found here.
Greater details will become clearer as legislation is released and we will update everyone further once this is released.
If you have any queries in the meantime, please feel free to contact us on 1300 205 506 or by email at sp@sharrockpitman.com.au.
The information contained in this article is intended to be of a general nature only and should not be relied upon as legal advice. Any legal matters should be discussed specifically with one of our lawyers.
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Andre 是 Sharrock Pitman Legal 的首席律师，领导我们的房地产法团队，同时是由维多利亚法律协会认证的房地产法专家。他为各类规模和类型的企业主（从零售业务到地产开发商及投资者）提供房地产相关支持，包括完成交易、解决障碍、代理争议，以及提供商业事务咨询。
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