Victorian rental law changes due to COVID-19


The Victorian government announced a $500 million plan for tenants and landlords across the state on April 15.

Under the package, $80 million has been set aside for tenants in rental stress and a further $420 million will be spent on land tax reductions for landlords of commercial or residential properties.

Eligible tenants will receive up to $2000 in relief payments under the scheme.

Tenants must prove they are in rental distress – paying more than 30 per cent of their wage or entitlements on rent, and must have less than $5000 in savings in the bank – while landlords must prove they have struck an agreement with tenants to reduce the rent, and for commercial landlords, a turnover of less than $50 million per year, to qualify for land tax reductions.

They will be eligible for a 25 per cent discount on land tax, and the ability to defer payment of remaining land tax to March 2021.

There would also be a ban on evictions for the crisis period, but there will be exceptions which are yet to be revealed. Rent hikes will also be banned.

The state government this week announced it had delayed its rental reforms, some of which were due to come into effect on July 1, until next year.

Contact jason@realrenta.com if you need assistance with varying rental payments on your rental ledger.

Not yet a RealRenta Landlord?

Become a RealRenta Landlord today and get 50% off the normal subscription fees:

Jason Gwerder
Tuesday, 5 May 2020

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)