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COVID-19 FAQ
Answers to tenants' COVID-19 related frequently asked questions.
Rent relief
- Our rent relief negotiations with our landlord are stuck. How do we move this forward?
- Our landlord has rejected our request for rent relief on the basis that our turnover is above $50 million. Is this valid?
- If an organisation does not qualify for the government’s Job-keeper Program, then does this mean they lie outside of the Code and cannot get rental relief?
- Our landlord advised they will not amend the lease arrangement in relation to COVID-19. What is our position?
- The COVID-19 impact on our business will continue well beyond the pandemic period. How do we negotiate relief?
- Our landlord proposed rent deferral during the pandemic period. Our turnover is over $50M. What would you advise?
- If Rent Relief is agreed with the Landlord should we be entering into formal Deed recording the arrangement?
- We hear that there will be an "L-shaped" recovery. What does this mean in relation to agreeing to deferred rent?
- Our landlord is an SMSF owner who claims they cannot afford to provide rent relief. What is our position?
- How else can occupancy costs be reduced in addition to rent reduction during the pandemic period?
- I am advised that the proportion of Rent Relief in the form of waiver is a minimum of 50% - please elaborate?
- We have 5 years left on our lease. We need rent relief during COVID-19 and changed terms post COVID-19. What do you suggest?
- My business is ‘eligible’ under the Code. Is rent relief determined state-by-state or is there a Federal standard?
- My Company’s revenue is under $50M which has reduced by 20% since COVID-19. Can I get rent relief?
- My company’s revenue is over $50M which has reduced by 35% since COVID-19. Can I get rent relief?
- My Landlord has advised that they will only be providing rent relief if we agree to exercise our option to renew early. Can they do that?
- My Landlord has requested P&L, Balance Sheet and Tax Returns for the preceding two years. Am I compelled to provide this level of information?
- We expect a time lag in the impact of COVID-19 on our business (not eligible). Does this disqualify us from rental relief?