Commercial Tenancy Relief Update
Since the Victorian economy has reopened last month albeit with some restrictions still in place, our office has seen a marked increase in the resolution of rent relief arrangements with tenants.
Many tenants have had rent relief arrangements in place from April to September but not all of them have requalified for Jobkeeper from October 1st for relief until December.
It has also been our experience that many tenants have submitted rent relief requests late or that their application does not comply with the renewed regulations. Therefore, our discussions with various tenants continue until a suitable resolution is found.