National Cabinet Mandatory Code of Conduct – SME commercial leasing principles during COVID-1909 April 2020
The Prime Minister Scott Morrison announced on 7 April 2020 the mandatory commercial tenancies code (the Code) that will apply to commercial and retail tenancies Australia-wide. This Code will be separately legislated and administered by each State and Territory.
We have summarised the key issues here, along with general information detailing how the Code is intended to operate based on the commentary provided today. Please note that each situation is different and specific advice must be sought with regard to the particular facts at hand.
Click here to see our analysis of the “Leasing Principles” in the Code and the implications of those principles for Landlords and Tenants.