Covid-19 Legislation to Further Protect Commercial Tenants
- AuthorJonathan Flynn
Legislation has been passed in the form of the Business Tenancies (Extension and Protection from Forfeiture) (Coronavirus) Regulations 2020 which come in to force on 30th June 2020, further preventing Landlords from ending business tenancies for non-payment of rent.
This means that Landlords in the commercial sector will be unable to end a Tenant’s Lease on the basis of non-payment of rent until 30th September 2020.
These regulations are clearly intended to give Tenants added protection and mean Landlord’s remedies against Tenants for unpaid rent will continue to be significantly restricted until at least 30th September 2020.
It should be remembered that in most Leases rent is defined to include insurance, service charge and interest.
We would always recommend speaking to us as early as possible for some initial advice to see what options are available to you during these unprecedented times. Being proactive could pay off in the long run, as there may be more options available to you than it appears at the outset.
You can read more Landlord and Tenant articles in relation to the Coronavirus Regulations 2020 here.
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