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CORONA RISIKOGEBIETE EUROPA KARTE AKTUELL CODE

No repayment should commence until the earlier of the COVID-19 pandemic ending (as defined by the Australian government) or the existing lease expiring, and taking into account a reasonable subsequent recovery period.

CORONA RISIKOGEBIETE EUROPA KARTE AKTUELL CODE

If negotiated arrangements under this code necessitate repayment, this should occur over an extended period in order to avoid placing an undue financial burden on the tenant. Landlords reserve the right to reduce services as required in such circumstances. Landlords should, where appropriate, seek to waive recovery of any other expense (or outgoing payable) by a tenant, under lease terms, during the period the tenant is not able to trade. land tax, council rates) or insurance will be passed on to the tenant in the appropriate proportion applicable under the terms of the lease.Ī landlord should seek to share any benefit it receives due to deferral of loan payments, provided by a financial institution as part of the Australian Bankers Association’s COVID-19 response, or any other case-by-case deferral of loan repayments offered to other landlords, with the tenant in a proportionate manner. Payment of rental deferrals by the tenant must be amortised over the balance of the lease term and for a period of no less than 24 months, whichever is the greater, unless otherwise agreed by the parties.Īny reduction in statutory charges (e.g. Tenants may waive the requirement for a 50 per cent minimum waiver by agreement. Regard must also be had to the landlord’s financial ability to provide such additional waivers. Rental waivers must constitute no less than 50 per cent of the total reduction in rent payable under principle #3 above over the COVID-19 pandemic period and should constitute a greater proportion of the total reduction in rent payable in cases where failure to do so would compromise the tenant’s capacity to fulfil their ongoing obligations under the lease agreement. Landlords must offer tenants proportionate reductions in rent payable (in the form of waivers and deferrals) of up to 100 per cent of the amount ordinarily payable, on a case-by-case basis, based on the reduction in the tenant’s trade during the COVID-19 pandemic period and a subsequent reasonable recovery period. Material failure to abide by substantive terms of their lease will forfeit any protections provided to the tenant under this code. Tenants must remain committed to the terms of their lease, subject to any amendments to their rental agreement negotiated under this code. Landlords must not terminate leases due to non-payment of rent during the COVID-19 pandemic period (or reasonable subsequent recovery period). The leasing principles of the code are as follows:

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