PHOTO: Tenants
The Australian Government, in conjunction with the State Governments is considering new measures to protect tenants who are unable to pay their rent due to COVID-19.
New legislation is set to be introduced that will protect individuals for up to six months during the crisis.
Prime Minster Scott Morrison stated in a press conference on Friday afternoon the States have agreed to work on a plan to identify how relief can be provided for both commercial and residential tenants – but it will be on a state by state basis.
“That work will be done by states and territories as it is a state and territory matter, and that work will be led by Western Australia, together with New South Wales, working with all the other states and territories to bring back some model rules that can be applied in hardship cases,” Mr Morrison said.
The REIQ believe this equates to asking over 2 million Australians to cover $9,516 each (on average) of unpaid rent over the next six months.
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