Applications are now open for the Victorian Government’s Commercial Landlord Hardship Fund 3. The program offers grants to small landlords who are doing the right thing by waiving rent for their tenants as part of the Commercial Tenancy Relief Scheme.
Eligible commercial landlords with total taxable landholdings under $3 million that waive rent for their tenants between 28 July 2021 and 15 January 2022 can apply for grants of up to $6000 per tenancy. In cases of acute hardship, small landlords may be eligible for grants of up to $10,000 per tenancy.
To be eligible for a grant, landlords must provide a rent waiver of at least 50 per cent to their tenants through the Commercial Tenancy Relief Scheme, and use the grant to offset the waiver.