Commercial Landlord Hardship Fund 3
The Commercial Landlord Hardship Fund 3 provides grants to eligible small landlords who experience hardship as a result of waiving rent for their tenant(s) between 28 July 2021 and 15 January 2022 under the Commercial Tenancy Relief Scheme.
Eligible commercial landlords with total taxable landholdings under $3 million that waive rent for their tenants between 28 July 2021 and 15 January 2022 can apply for grants of up to $6000 per tenancy. In cases of acute hardship, small landlords may be eligible for grants of up to $10,000 per tenancy.
To be eligible for a grant, landlords must provide a rent waiver of at least 50 per cent to their tenants through the Commercial Tenancy Relief Scheme, and use the grant to offset the waiver.
Landlords must attest that commercial rent represents more than 50 per cent of their total gross income for the 2019-20 financial year.
For further information about the Commercial Landlord Hardship Fund 3, please visit Business Victorian website by clicking the button.
If you wish to speak to one of our team regarding these support programs or any other COVID payments please contact our office on 03 9693 5000 or reply to this email.