Updated 23rd March 2020
It has been announced by the government, that commercial tenants who are unable to pay their rent because of Coronavirus will be protected from eviction.
Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments. The government recognises businesses are struggling with their cash flow due to Coronavirus and remain worried about eviction.
These measures, are part of the emergency Coronavirus Bill currently going through Parliament, will mean no business will be forced out of their premises if they miss a payment over in the next 3 months (till 30 June).
This builds on the unprecedented package of support announced for businesses who are affected by Coronavirus.
As commercial tenants will still be liable for the rent after this period, the government is also actively monitoring the impact on commercial landlords’ cash flow and continues to be in dialogue with them.
If you have concerns or questions, please contact a member of the WardWilliams Creatives team. As further details are announced, we will continue to keep you informed.
