📜 Commercial Tenancies (COVID-19 Response (Early Termination)) Bill 2020
Legislative Assembly Second ReadingLABill 18816 April 2020
This bill allows commercial tenants in WA experiencing severe financial distress due to COVID-19 to terminate their leases early without penalty. It outlines the process for termination, including notices and potential Tribunal involvement.
Impact
Commercial tenants and landlords in WA are affected. It provides relief for struggling businesses but may impact landlords' income. The State Administrative Tribunal will handle disputes.
Key Changes
["Introduces a right for tenants in severe financial distress due to COVID-19 to terminate commercial leases early.", "Modifies existing leases to allow for early termination under specific conditions.", "Establishes a process involving notices and potential Tribunal applications for lease termination."]
Parliamentary Progress
- LA IntroducedLA16 Apr 2020
- LA Second Reading MovedLA16 Apr 2020
Affected Sectors
financehousingother
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