Zoom CPD - The Amending Regulations and extension of the Commercial Tenancy Relief Scheme

  • Author : Greens List - 06-10-2020

This Zoom CPD Update discusses the extension and variation of the Commercial Tenancy Relief Scheme by the COVID-19 Commercial and Residential Tenancies Legislation Amendment (Extension) Act 2020 (Vic) and the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Miscellaneous Amendments Regulations 2020 (Vic) that:

* extends the operation of the CTRS to 31 December 2020;

* changes the way in which requests for rent relief are made;

* requires the landlord’s offer of rent relief to be proportionate to the tenant’s decline in turnover associated with the premises; and

* allows a tenant to seek a binding order for rent relief from the Victorian Small Business Commission.

 

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