Welcome news for commercial tenants but not for landlords

Colin Dean September 30, 2020 News, News - Insolvency and Financial Rescue, News - Litigation and Dispute Resolution, Team - Insolvency, Team - Litigation

The moratorium on evictions for tenants who are behind on their rent has been extended until the end of 2020. The restriction was set to be lifted on 30th September 2020 but the secretary of state for housing, Robert Jenrick, announced an extension to give struggling retailers and other businesses a chance to “focus on rebuilding their business over the autumn and Christmas period”.

The June quarter day saw less than 20% rental payments made and with the next rent quarter day having just passed (29th September 2020) landlords will be bracing themselves for more of the same.