Colin Webb - Rental Trends assisted us greatly through an awkward situation in transferring a rental property from an onsite manager. They were very forthright abut the situation which was appreciated.
RESIDENTS renting their homes have been handed a reprieve after the Victorian Government announced an extension of the ban on evictions and rental increases.
Under the extension, evictions will continue to be banned for residential and commercial tenancies until December 31, except in specific circumstances.
Rental increases continue to be banned for the same period.
“No-one should have to be worried about losing a roof over their head right now,” Victorian Premier Daniel Andrews said.
“This will give tenants certainty and security that they won’t lose their home or business while we fight this deadly pandemic.”
Residential and commercial tenants and landlords will also be able to take advantage of more support, including further land tax reductions and more grant funding.
Eligible residential tenants and landlords will be supported with up to $3000 in rental payments as part of the Rental Relief Grant program, with new recipients able to apply for the full amount, and up to $1000 extra available for previous recipients.
Residential and commercial landlords may also be eligible for an increased land tax discount – now up to 50 per cent – doubled from the earlier 25 per cent.
A fund of $60 million for eligible small commercial landlords will be available via a hardship scheme, which will provide up to $3000 per tenancy.
Eligible small businesses that own their own commercial premises will also now benefit from land tax relief.
The government is encouraging banks to continue working with their customers, both residential and commercial, who are struggling to pay their mortgage as a result of the pandemic.SOURCE: https://www.sheppnews.com.au/echuca-news/2020/08/23/1530559/victorian-government-announces-extension-on-rental-eviction-and-increases-ban