NSW’s 2022 COVID-19 leasing laws have again been modified and will now continue until 30 June 2022. The amendments give landlords greater control over their premises by being able to increase rent and, in some circumstances, to terminate impacted lessees’ tenancies.
Effective today, the key changes include:
The above changes open possibilities, especially for landlords looking to recover possession. Subject to the mediation requirement, landlords could rely only on a tenant’s breaches after 13 March 2022, even if the tenant had pre-March 2022 breaches. Also, the benefit of non-concluded rent-relief negotiations will be lost after 30 June 2022 and this will be a further leverage point for landlords. In other words, tenants should seek to strike relief agreements before 30 June 2022.
If you have any questions about this article or how these changes may affect you, please contact us or send us your enquiry here.
Author: Bede Haines
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this article is accurate at the date it is received or that it will continue to be accurate in the future.