Requirements for workplaces at Level 3 are:
In this note we examine the implications of the move from Alert Level 4 to Alert Level 3 for landlords and tenants of commercial leases.
What is the effect of the change from Alert Level 4 to Alert Level 3 on leases? Will ADLS clause 27.5 still be relevant?
Are employees still paid for public holidays if they are not working because of COVID-19? And if so, how much are they paid?
The wording of the lease will be critical to determining rights commercial tenants have to relief from paying rent and outgoings during the lock-down period.
Legal advice is crucial before taking action.
Employers can apply for a lump sum payment for their employees over 12 weeks if they have experienced a 30% actual or predicted decline in revenue due to COVID-19, over the period of a month when compared to a month last year.
Before bringing a contract to an end on the grounds of frustration we strongly recommend you to talk to one of our commercial lawyers to avoid being held liable for breach of contract.
In this article we’ve summarised the process that we as a business have been through and recommend other businesses follow to keep agile and weather the COVID-19 storm.
A $6.25 billion scheme is available for lending to small and medium-sized businesses with an annual turnover between $250,000 and $80 million per annum.
We’ve been giving a lot of thought to how Gibson Sheat might be able to help you with the challenges you might face in the coming period. Keep an eye out for our updates on this.