Thursday, October 28, 2021

New Zealand - Support measures for COVID-19 related commercial rent issues pass into law

Temporary law changes have been passed in Parliament enabling landlords and commercial tenants to agree a fair proportion of rent relief where a business has suffered losses due to the impacts of COVID-19. 

“The provisions passed into law in the COVID-19 Response (Management Measures) Legislation Bill strike a balanced response to concerns from business operators worried about meeting full rental costs while their incomes have been hit by COVID-19 restrictions required to contain the spread of the virus,” the Minister of Justice Kris Faafoi said. 

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