Small Business Minister Eleni Petinas said the third tranche of the Commercial Landlord Hardship Fund would allow landlords eligible to reimburse tenants for costs that were violated during the Omicron wave.
“Due to Omicron’s small business failures, we have expanded the Commercial Landlord Hardship Fund, which has already allocated $ 14 million to nearly 2,000 businesses,” Ms. Petinas said.
“Commercial landlords who supported commercial and commercial tenants from January 14 to March 13 this year can now qualify for grants of up to $ 3,000 per month for each eligible property.
“During the pandemic, the New South Wales Government has responded to emerging challenges and we will continue to provide the necessary support to the small business community.”
To be eligible for a grant under the third round of the scheme, landlords with total land holdings of up to $ 5 million must enter into a tenancy agreement between January 14 and March 13, 2022.
The grant is equal to the cost of waiving the rent provided by the tenant, up to a maximum of $ 3,000 per month for each eligible property.
Applications close on May 31, 2022.