The NSW Government has released a Hardship Fund for landlords who have provided rent waivers for tenants. The grant is up to $3,000 per property, per month, per retail or commercial lease.
It applies to landowners who:
- Have land holdings less than 5mil in total (as per land tax assessment)
- Have not claimed land tax relief (you can choose between land tax relief and hardship fund grant)
- The landowner entity receives predominantly rental income (rent needs to be more than 50% of income)
Applications open online in October.
See this link for more information: https://www.service.nsw.gov.au/commercial-landlord-hardship-fund-guidelines
