As life is starting to resemble some degree of normality in South Australia there are still people feeling or yet to feel the effects of COVID-19.
All through this pandemic we were constantly reminded to work together, and we will get through this. At the beginning of the month the State Government announced a rent relief for residential tenants who have been significantly affected by financial hardship as a result of COVID-19.
This grant really is about landlords and tenants working together.
Landlords could receive a grant of up to $1,000 for supporting their tenants with a rent reduction during the period of 30th March 2020 to 30th September 2020. Of course, there are guidelines to meet and evidence to be provided by both parties. So, let’s review this now:
- Tenants must be receiving JobKeeper or JobSeeker payments
- Tenants must have less than $5,000 in savings
- Tenants must be paying more than 30% of their income in rent
- Landlords and tenants must show a revised rental agreement showing the reduction
- The reduced rent has been waived by the landlord and doesn’t need to be paid back by the tenant.
If the criteria have been met, the amount which a landlord may receive will depend on the amount of rent relief the tenants receive, up to the value of $1,000.
The interesting part to this grant is that the tenants have to submit the application so the landlords can receive the money. Applications for the rent relief grant open at the end of the month, however, tenants can also register their interest at:
Call Lisa Akeroyd at Barossa Rental specialists on 0414 335 660 – or drop into our prominent Tanunda office to discuss your rental strategy.