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The new mandatory COVID-19 rent relief code – answers to your questions

April 2020

After weeks of scrambling amongst commercial landlords and tenants about options for rent relief during the COVID-19 crisis, the Morrison Government last week released the National Cabinet Mandatory Code of Conduct (Code).

The Code secures rental waivers for tenants and immediate cash flow relief together with benefits for landlords to assist in offsetting the loss to their turnover. You can read the Prime Minister's media statement here.

Although the Code will not become law until it is implemented through legislation by each of the states and territories in the coming weeks, there are steps landlords can take now to ensure current and new agreements will comply with the intention of the Code.

To help you navigate these significant changes, partner Kristy Dorney answers your key questions about how the Code applies and provides some tips for landlords on documenting rent relief agreements and what steps they can be taking now.

We can help you

If you have any questions or require assistance in preparing any of the documents or communications we have discussed above, please contact Kristy Dorney or a member of our Real Estate team. We are here to help you.