Landlords Disadvantaged by Residential Rental Crisis Measures

Landlords Disadvantaged by Residential Rental Crisis Measures
Suzannah Toop, the CEO of Toop & Toop group, the largest independent agency in South Australia. Supplied
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April saw state and territory governments implement measures to support the residential rental market through the economic downturn caused by the CCP virus crisis with most opting to put a moratorium on evictions for six months, following the national cabinet doing the same for the commercial market.

While governments are trying to strike a balance of interests and encourage good-faith negotiations between tenants and landlords, there are concerns landlords may end up bearing the brunt of the costs.

The Disadvantage for Landlords

Real Estate Institute of New South Wales CEO Tim McKibbin is unhappy with the rent waiver, saying landlords are subsidising the tenant’s occupation.