Request a commercial tenancy rent reduction (for tenants)
If your business is experiencing a downturn in trade as a result of COVID-19, then making rental payments may be a problem. If you’re falling behind, speak to your landlord about the situation sooner rather than later.
Negotiate a commercial tenancy with a tenant (for landlords)
If you are a commercial property owner or you represent one, you may have tenants who are unable to pay rent as normal due to the impacts of COVID-19 on their business operations and income.
Eligible tenants may be able to request a rent reduction for up to 6 months.
Land tax relief to support commercial leasing
The NSW government is supporting commercial tenants who are experiencing financial distress as a result of COVID-19 with a new land tax relief package. It includes enacting the mandatory National Cabinet Code of Conduct and land tax concessions for commercial landlords.
Eligible commercial landlords can apply for a land tax concession of up to 25% of the 2020 calendar year, for relevant properties, if they pass the savings on to their tenants in the form of a rent reduction.
A 3-month deferral on outstanding land tax amounts is also available. Eligibility criteria will apply.