News update: Evictions ban for business owners affected by the Covid-19 pandemic
The moratorium on forfeiture proceedings for commercial leases has been extended until the end of March 2021 to protect businesses from the threat of eviction and to help them rebuild over the winter months.
Restrictions on landlords using Commercial Rent Arrears Recovery (CRARS) have also been extended to try and help businesses pay any outstanding rent owed.
Finally, a review of commercial landlord and tenant legislation will also be launched early next year, to better align the system with the current economic conditions.
More information is due to be published shortly including support to aid negotiations between landlords and tenants. The full details of this announcement can be found on here on .gov.uk
30th September 2020 - Covid-19 legislative amendments
The Government has announced that the moratorium on forfeiture of commercial leases for non-payment of rent will be extended from 30 September to 31 December 2020.
Whilst forfeiture provisions should remain included in all new leases, from a practical perspective, landlords will be unable to exercise such provisions until the end of the moratorium.
This guide, in support of our Covid-19 rapid-fire video series, sees us talking to Mark, our expert from Alma Consulting. The following video takes a look at some of the critical questions that commercial landlords are asking right now, during these very challenging times.
Aside from the other related posts linked around this page, Farillio members can access our other guidance and templates, which we're reviewing and updating as the crisis develops...