Commercial Leases – Major New Changes

The National Cabinet (i.e. the Prime Minister and the the Premiers) have agreed on a new code of conduct for commercial tenancies. The new rules apply to small and medium sized tenants who qualify for the JobKeeper program. Landlords are required to make major concessions to tenants during the pandemic period and the recovery period.

It may take some time before these guidelines become actual law but tenants and landlords can expect that they will be enforceable immediately. In this video, David explains how the changes are likely to work. The full text of the National Cabinet Mandatory code is here.