The Premier of Victoria has today issued further guidance to landlords and tenants regarding their lease obligations, having regard to the COVID-19 restrictions which continue to remain in place across Victoria.
The key takeaway from the announcement (which relates to both commercial and residential tenancies) is that evictions (except in certain circumstances) and rent increases will be prohibited until 31 December 2020. Previously, these measures were due to end on 29 September 2020.
Further land tax discounts of up to 50 per cent are also available for eligible landlords.
The Victorian Government has also announced the establishment of a $60 million fund for eligible small commercial landlords experiencing hardship, which will provide up to $3,000 per tenancy.
The Premier's announcement can be viewed in full here. We will provide further updates as they are released.
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.
