COVID-19 and your lease - Government's Response

Commercial Tenancy: 24 March 2020

The Morrison Government has announced that it is working on identifying how relief can be provided for tenants in both commercial and residential tenancies, to ensure that in hardship conditions there will be relief available during the COVID-19 (also known Coronavirus) pandemic. While acknowledging that the current leasing climate will also impact landlords there has been no indication as to whether landlord's will be compensated for loss of tenants or rent.

We are currently in a 'wait and see' situation until we are provided with further details. The National Cabinet will meet today to discuss further arrangements for commercial and residential tenancies.

If you require legal advice in relation to your options, please contact Sarah Ward our Accredited Specialist in Commercial Tenancy Law (email: sward@aitken.com.au or Ph: (03) 8600 6056).

Please note: The information in this article is provided for general information purposes only and does not constitute legal advice. It is not intended to be comprehensive or to apply to any specific circumstances. You should seek independent legal advice before acting on any information contained in this article.