'This provides a way forward': NSW unveils $440m rental rescue package | AlexSmithSMH
The Berejiklian government will spend $440 million on its residential and commercial rent package, which will force landlords and tenants to negotiate in a bid to stop rent strikes or evictions.
A six-month support package for residential tenants and landlords facing financial stress due to COVID-19 includes an interim moratorium on applications for forced evictions due to rental arrears. Mr Perrottet said residential landlords would be eligible for a land tax waiver or rebate of up to 25 per cent if they passed the saving on to tenants in financial distress.
The measures will apply to commercial tenants struggling financially due to coronavirus and will include shops, cafes, gyms, hairdressers, restaurants, offices, warehouses and industrial sites. “I thank the many landlords who are already supporting their tenants through this period and the banks for showing flexibility with deferring loan repayments.”
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