COVID-19 and Commercial Leases Guiding Principles

Yesterday the Federal Govt released the Guiding Principles that commercial tenants and landlords are to negotiate by regarding concessions on leases. The attached PDF details the guiding principles that landlords and tenants must abide by in their negotiations as well as the terms that should be set. I have highlighted what I consider to be the pertinent points re the concessions that should be negotiated in good faith by landlords.

One important point is that these principles apply to those small businesses with their own Self-Managed Super Fund's owing and leasing the property to their business. It is highly recommended you get in touch with me to discuss the implications in relation to SMSFs.

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NSW Rental Evictions and COVID-19

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