'It is about negotiation, mediation and arbitration' The NSW government has announced a $440 million coronavirus rent relief package.
What we want to do is let tenants know that they are supported. Also for landlords too, they don't want to lose their tenants, as well as tenants who want to stay where they are, where they can.
"That is why we need for stability for tenants and landlords while the new Commonwealth income support payments are rolled out, and landlords talk to their bank about mortgage relief." Measures relating to commercial leases, meanwhile, will apply when businesses with a turnover of less than $50 million suffer a revenue drop of at least 30 per cent because of the pandemic.
The state government says it will introduce temporary legislation as soon as possible to give effect to the code, which says landlords can't terminate a lease for non-payment of rent and must offer tenants rent relief proportionate to their loss of turnover.Under the state's land tax relief measures, commercial landlords will be offered a concession of up to 25 per cent of their 2020 land tax liability for relevant properties if they pass the savings on through a rent reduction.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Woman, 91, dead after contracting coronavirus in NSWA woman dies after contracting coronavirus in NSW, health authorities confirm, taking the total death toll in the state to 23, but the increase of cases remains steady in NSW.
Read more »
NSW records one death as Premier warns against family gatherings on Easter SundayNSW Premier Gladys Berejiklian has warned people against gathering at places of worship or with extended family on Easter Sunday as the state recorded its 23rd death from coronavirus
Read more »
NSW new COVID-19 cases drop to seven, lowest number in a monthNSW Health Minister Brad Hazzard says people need to exercise high caution over the drop which is due to a low number of tests being done over the Easter weekend.
Read more »
Health Minister 'cautious' as NSW records seven new coronavirus casesNSW Health Minister Brad Hazzard has urged people not to get false hope after revealing the lowest number of new COVID-19 cases since March 11.
Read more »
New COVID-19 cases drop sharply in NSW - but possibly due to EasterThere have been just seven new coronavirus cases in NSW overnight, however Health Minister Brad Hazzard said the low number should not be allowed to give people false hope. 9News
Read more »
Rolling down the corridors: Antarctic cruise ordeal ends for NSW familyHoled up in their cabins, the passengers aboard the Greg Mortimer invented a peculiar game to stay fit and entertained.
Read more »