Following on from previous articles on the same, this in-depth update from Property and Commercial Special Counsel Alex Bentancor takes a look at the current Retail and Commercial Lease landscape within NSW, as we move into another year of the COVID-19 Pandemic.
This piece covers a range of relevant information for commercial and retail landlords, as well as tenants, including:
- Retail and Other Commercial Leases (COVID-19) Amendment Regulation 2021 (‘2021 Regulations’);
- Retail and Other Commercial Leases (COVID-19) Regulation 2022 (‘2022 Regulations’);
- “Leasing Principles” to be followed by landlords;
- Prescribed Actions by landlords that are prohibited by the Code; and
- Amended 2021 Regulations.