Keeping our clients informed is important to us so we regularly publish our thoughts on topics that will be of interest to anyone involved with commercial property. We call them ‘insights’ and we hope you find them of interest.
It seems this is the mantra the State Government has now taken regarding the protections given to commercial tenants for Covid-19. As of 4 January 2021, these protections no longer apply.
As you may remember from some of my previous Lease Insights, the landlord was restricted from, amongst other things, acting under the terms of the lease to re-enter and take back possession of the premises and/or terminate the lease.
What this means is that if you have a tenant that has been refusing to pay rent because they have been affected by the pandemic, you can now act as per your lease.
However, currently the law does not address whether you can take action to recover any rent that has been unpaid by the tenant prior to 4 January 21. If you are owed a substantial amount from that period it would be best for you to have a chat with a solicitor who can let you know what can be done. Hopefully, the Government can create a comprehensive answer to this issue soon.
RECEIVE INSIGHTS TO YOUR INBOX
- Land Tax
- Can I restrict who my Tenant employs?
- We are merging with Eastern Conveyancing
- Selling a commercial property - Part 2
- Selling a commercial property - Part 1
- End of Tenant Covid Protections
- Air conditioners
- Post Covid Rent Reviews
- Changes to the Retail and Commercial Leases Act - July 2020
- Code of Conduct "Leasing Principles"