Further measures have been announced to protect companies and commercial tenants from aggressive rent collection by their landlords during the Coronavirus pandemic.
In a press release - the Government has said that:-
- statutory demands and winding up petitions issued to commercial tenants will be temporarily voided where a company cannot pay their bills due to Coronavirus;
- changes will be made so that landlords can only use Commercial Rent Arrears Recovery (CRAR) when 90 days’ rent is unpaid;
- landlords and investors are asked to work collaboratively with high street businesses unable to pay their bills during the Covid-19 pandemic.
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For more information on the issues covered in this article, please get in touch with our Commercial Dispute Resolution team by calling 01484 821 500 or email info@ramsdens.co.uk to speak to a member of the team.