Extended rental assistance for small businesses

During the week, the Victorian state government announced extended rent relief for small businesses.

Businesses can now choose any three consecutive months between 1^st April to 30^th September 2021 and compare that to the same period in 2019.

So should there be a fall in turnover of more than 30% then the rent is to be reduced accordingly.  This means say where there is a 60% fall in turnover, a small business owner can request the landlord to reduce the rent to 40%.  In other words, you as a small business owner won’t ever pay 30% of the rent with the other 30% deferred.

The scheme applies retrospectively from 28^th July 2021 to 15^th January 2022.

The sooner you make the request of your landlord, the more you stand to benefit.

We welcome the opportunity to discuss this with you even if just to work out whether you qualify.

At MRS, we will spend today planning for your success.