Banks announce moratorium on loans repayments if commercial tenants not evicted

March 30, 2020

Uncategorized

The Age has published that:

Banks will allow commercial landlords with loans of up to $10 million to delay their loan repayments by up to six months, on the condition tenants are not evicted due to the coronavirus crisis.

For more information, see https://www.theage.com.au/national/victoria/coronavirus-victoria-updates-live-stricter-social-distancing-measures-kick-in-as-australia-s-covid-19-infection-rate-falls-20200329-p54ezy.html

See also: https://www.ausbanking.org.au/banks-to-help-commercial-landlords-who-help-tenants/

 

About Sam Hopper

Sam is a property and insolvency barrister.

View all posts by Sam Hopper

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