By now many of you will have received Fiona Sears’ Legal Alert titled Prime Minister sets out commercial leasing principles to assist landlords and tenants, which summarises the key points from Scott Morrison’s press conference last night relating to commercial leasing agreements.
Following the announcement, the Australian Banker’s Association issued a press release this morning headed Banks to help commercial landlords who help tenants through COVID19.
Here is a link to the full press release.
We’ll seek to provide updates as more information comes to hand and encourage you to contact us or your business banker to discuss your position and the options available to you.
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