COVID-19 Update: Rent Protection

The following has been released by the Government:

Protection from eviction for commercial tenants

Commercial tenants who cannot pay their rent because of COVID-19 will be protected from eviction. These measures will mean no business will automatically forfeit their lease and be forced out of their premises if they miss a payment up until 30 June. There is also the option for the government to extend this period if needed.

This is not a rental holiday, and all commercial tenants will still be liable for the rent.

All commercial tenants in England, Wales and Northern Ireland are eligible.

As always, we will continue to monitor the ongoing situation to provide our clients with the information, we consider will support them and may benefit them at this time.