Commercial Tenancies Code of Conduct
The recently announced mandatory Code of Conduct (Code) for commercial tenancy requires landlords and tenants to negotiate appropriate temporary leasing arrangements to achieve mutually satisfactory outcomes during the Coronavirus pandemic and a reasonable recovery period.
The Code is mandatory for small to medium enterprise tenants (ie. businesses with a turnover of less than $50 million who qualify for the JobKeeper program), and the government also suggests that the spirit of the Code should apply to all leasing arrangements for affected businesses. At this stage the Code has not been implemented in Queensland legislation.