COVID-19, Money, Wellbeing

COVID-19: SA Help with paying your rent

Published on April 15, 2020 10:23 pm, by

Key points

  • The exact details of rent relief available for residential tenants varies by State but some of the broad principles are consistent across the country
  • In most states eviction notices that have been issued, but where the tenant has not yet vacated the property have been suspended for a period of time. This will provide tenants with some time to make alternative arrangements
  • In all states there is a 6 month moratorium on new evictions for rent arrears where tenants are suffering financial hardship due to COVID19. So if you cannot pay your rent because your income has fallen due to COVID19 you cannot be evicted for 6 months
  • Tenants and landlords have been encouraged to discuss circumstances and negotiate arrangements between them where ever possible
  • In most states tenants are encouraged to continue to pay their rent where they can and in most cases if they cannot pay their rent the rent arrears become a debt that is owed to the landlord
  • Many states have implemented some kind of land tax reduction or deferral for landlords that support tenants that are suffering financial hardship due to COVID-19
  • There are some other rent assistance schemes available such as the Federal Governments Rent Assistance benefit and some schemes that operate at a state level

Rent Relief inĀ South Australia

MeasureDetails
Moratorium on evictions for tenants due to rent arrears caused by the financial impact of COVID-19For a period of 6 months or more
Restrictions on rent increasesResidential rents cannot be increased for 6 months or more
Landlords cannot charge interest on rent arrears amounts
There have been some changes in the procedures for repairs and maintenance and property inspections
Agents are not allowed to blacklist tenants with rent arrears due to COVID-19Where a landlord reduces rent by at least 25% for up to 6 months they will be eligible for a land tax rebate

 

If you are concerned about the financial impact of COVID-19 or you are facing the uncertainty of losing your job or having your income significantly reduced we can help. Sign up to MoneyBrilliant and we will give you access to a host of tools and features to help you organise your finances and make better decisions about your money. We’ll also give you tailored insights about the financial assistance available from governments and businesses to help you face the economic and financial challenges caused by the COVID-19 pandemic.

You can register for MoneyBrilliant online at www.moneybrilliant.com.au or download our app from the App Store or the Play Store.

 

This summary has been prepared by MoneyBrilliant Pty Ltd (AFSL 492711, ACL 493068). The information in this summary is of a factual nature only. We are not suggesting or recommending that you take any particular course of action in relation to any financial product or service. It does not take into account your personal circumstances or objectives. If you need financial advice or taxation advice you should seek advice from a licensed financial adviser or tax agent. You may also be able to access additional information from the websites of the Australian Securities and Investment Commission (ASIC) and the relevant product providers.

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Peter is the CEO of MoneyBrilliant. He has over 20 years experience in banking, insurance and accounting. Peter has three sons, ranging in age from 16 to 3, is a sport and fitness fanatic and a volunteer firefighter. He is passionate about improving people's lives through making financial services more accessible.

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