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Standard retail leases will give retailers a lift at this critical time
As we await the economic fallout of the end of JobKeeper, the Real Estate Institute of NSW (REINSW) has devised a way for retail businesses to save thousands of dollars at a time when they need all the help they can get.
According to the REINSW, with a Government-prescribed retail lease agreement, retailers and landlords could avoid waiting months for leases to emerge from an unnecessarily long and costly legal process.
Just like standard residential lease agreements enable tenants to move in quickly once signed, a standard retail lease could enable retailers to get to work straight away.
Residential vacancy rates crash in regional New South Wales abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
With Leanne Pilkington soon to be stepping away from her role as president of the Real Estate Institute of New South Wales (REINSW), the current president-elect knows he has “very big and sparkly shoes to fill”.
6-month transition period announced ahead of tenancy moratorium end
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With the end of the moratorium on evictions in sight, the NSW government has announced a new measure aimed to assist the residential tenancy market transition back to pre-COVID conditions.
NSW tenants are being offered a six-month transition period from the 27 March, during which tenants and landlords will be assisted to enter a repayment plan for any COVID-induced arrears.
For the duration of that period, tenants can only be evicted if they fail to meet the terms of the payment, NSW’s Minister for Better Regulation has confirmed.
“With the economy rebounding and the unemployment rate stabilising, the time is right to transition back to normal tenancy laws,” Kevin Anderson said.