If so, you can apply to Service NSW for grants of up to $3,000 a month to help offset the cost of providing rental relief to tenants during the COVID-19 lockdown in NSW.
To be eligible for the NSW Government Commercial Landlord Hardship Fund you must be:
- An eligible small landlords, meaning a landlord with up to $5 million in total land holdings (excluding a principal place of residence), who have experienced financial hardship from providing rental relief to retail or commercial tenants.
- A commercial landlord with a currently impacted lease and have entered into an agreement to provide rental relief to tenants from 13 July 2021.
- A commercial landlord with a gross rental income as a primary source of income (gross rental income being more than 50% of total gross income) for the 2019-20 or 2020-21 financial year.
The grant will equal the amount waived each month from August 2021, to a maximum of $3,000 per month, for each eligible property.
However, landlords who have claimed land tax relief for 2021 are ineligible for Commercial Landlord Hardship Fund grants.
The Commercial Landlord Hardship Fund is only available for a limited time.
For more information and to apply for a commercial landlord hardship grant, visit Service NSW