Small commercial landlords can now apply to the Commercial Landlord Hardship Fund for grants of up to $3,000 per month to help offset the cost of providing rental relief to tenants during the COVID-19 lockdown in NSW.
The NSW Government invites grant applications from eligible small landlords with up to $5 million in total land holdings (excluding a principal place of residence) who have experienced financial hardship from providing rental relief to retail or commercial tenants.
To be eligible, applicants must be the landlord of a property in NSW with a currently impacted lease and have entered into an agreement to provide rental relief to tenants from 13 July 2021. Applicants must have more than 50 per cent of their total income derived from gross rental income for the 2019-20 or 2020-21 financial year.
The grant will equal the amount of rent waived each month from 1 August 2021 to 14 November 2021, to a maximum of $3,000 per month, for each eligible property.
Landlords who have claimed or will claim land tax relief between 1 July and 31 December 2021 are ineligible for Commercial Landlord Hardship Fund grants.
For more information and to apply, visit the commercial landlord hardship grant page on the Service NSW website, or call 13 77 88.