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Covid-19 Assistance for commercial and residential landlords

Commercial landlord hardship fund

The commercial landlord hardship fund provides additional support to smaller landlords whose main source of income is impacted because they have provided rent relief to their tenant(s) and have not claimed land tax relief.

If you are a small commercial or retail landlord with total taxable land holdings of less than $5 million and you have provided your tenant(s) with rental waivers, you may be eligible for a grant of up to $3,000 per month, per property.

COVID-19 land tax relief

Land tax relief is available for eligible commercial and/or residential  landowners who have reduced  their tenants’ rent due to COVID-19 between 1 July 2021 and 31 December 2021.

The relief will be a reduction in the 2021 tax payable on the parcel of land where a rent reduction has been given to the tenant who occupies that land.

The reduction in land tax payable will be the lesser of:

  • the amount of rent reduction provided to an eligible tenant for any period between 1 July 2021 and 31 December 2021, or
  • 100% of the land tax attributable to the parcel of land leased to that tenant.

Commercial landowners can still apply for this period of land tax relief, even if they applied for any of the previous relief periods, provided they meet all the eligibility requirements.

Commercial rent protection

If your business is unable to meet lease commitments due to the current COVID-19 public health orders, you may be eligible for protections under the Retail and Other Commercial Leases Regulation (COVID-19) 2021.

Under the Regulation, retail and commercial property owners must renegotiate rent with eligible tenants in good faith having regard to the leasing principles in the Code of Conduct and the economic impact of the COVID-19 pandemic. If parties are unable to come to an agreement, they must first attend mediation to try and resolve a lease dispute before a lessor can take certain actions against the lessee.

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