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UPDATE: Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld)

The Retail Shop Leases and Other Commercial Leases (COVID-19 Emergency Response) Regulation 2020 (Qld) (the Regulation) was recently passed on 28 May 2020.

The Regulation gives legal effect to the National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles (the Code) concerning commercial tenancies (including retail and industrial tenancies) suffering financial distress as a result of the COVID-19 pandemic.

The Regulation will apply to affected tenancies until the end of the “response period,” which is defined as the period from 29 March 2020 to 30 September 2020.

McLaughlins Lawyers recently published a blog outlining the good faith leasing principles prescribed by the Code, which can be accessed via the following link.

Since the introduction of the Code, we have assisted several clients (including both landlords and tenants) to negotiate their current leasing arrangements in light of the financial impact of the COVID-19 pandemic.

If you are a commercial landlord or tenant that has been affected by the COVID-19 pandemic, please contact our office on (07) 5591 5099 and speak to one of our commercial lawyers today.

 

Author: Alex Hamlyn

Directors: Ian Kennedy and Sophie Pearson

 Date: 2 June 2020