2 October 2020
Queensland Government has amended the Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) to extend their operation to 31 December 2020.
The extension of the scheme applies to leases to lessees who remain eligible for the Jobkeeper scheme during the period 28 September 2020 and to 4 January 2021.
During the extended operation period, all of the protections previously provided under the regulations continue. This includes:
The only real noticeable change for the extended period is that there is no mandatory waiver of rent during the extended period. That is, rent concessions to lessees need now only be provided by way of deferral of payment of rent rather than the previous mandatory waiver of half of the provided rent concession.
The amended regulations are available here: https://www.legislation.qld.gov.au/view/whole/html/inforce/current/sl-2020-0079.
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Should you or any of your clients require any assistance regarding the leasing regulations please do not hesitate to contact us.
Written by Niall Powell, Special Counsel