After an anxious wait for commercial tenants, the Government revealed on 19 June 2020 their plans to further assist businesses through the Coronavirus pandemic.
Although further legislative changes will be required before these measures come into force, these plans include:
- An extension to the current ban in place prohibiting landlords from forfeiting commercial leases due to a non-payment of rent until 30 September 2020;
- The ban on landlords using the CRAR (Commercial Rent Arrears Recovery) procedure until 30 September 2020 unless they are owed 189 days’ worth of unpaid rent; and
- The extension on the temporary ban on the use of statutory demands and winding-up petitions where a business cannot pay its creditors due to the Coronavirus outbreak until 30 September 2020. MORE.
