The NSW Government has proposed the following initiatives during COVID19:
Amount - $220 million for residential tenancy relief.
Eligibility - Applies to tenants who have lost at least 25% of their income.
Rent deferral - Any unpaid rent accrues as arrears and needs to be eventually paid by the tenant.
Moratorium - Interim 60-day moratorium for new applications to NSW Civil and Administrative Tribunal for forced evictions over COVID-19-related rent arrears.
Land Tax - Waiving land tax or providing up to a 25% rebate if accommodating tenants under financial stress.
This article sketches some broad strokes. It will be interesting to see the detail on exactly who qualifies and the limits of any relief.
NSW Government to announce $440 million coronavirus rental assistance with moratorium on forced evictions
April 2020
© PELEN 2020
The content of this publication is intended to provide a general overview on matters which may be of interest. It is not intended to be comprehensive. It does not constitute advice in relation to particular circumstances nor does it constitute the provision of legal services, legal advice or financial product advice.