Small businesses struggling to bounce back after protracted lockdowns in New South Wales can continue negotiating rent relief with their landlords until after the New Year.
NSW Treasurer Matt Kean urged small businesses “still doing it tough” to contact their landlord, who is required to negotiate rent until January 13 under the National Cabinet’s Code of Conduct and the Retail and Other Commercial Leases (COVID-19) Regulation 2021.
Under the scheme, landlords must offer a reduction in rent that matches the decline in turnover of their eligible small commercial and retail tenants.
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