Covid-19 Update: Further extension to restrictions for Landlords on recovering unpaid rent.
ARTICLE UPDATED 01/04/21
In response to the pandemic the government has further extended the Moratorium on Commercial Lease Forfeiture to until 30 June 2021. The Moratorium protects tenants who are unable to pay rent due to the COVID-19 crisis, but leaves Landlords restricted in their actions to recover unpaid rent.
Forfeiture (The termination of a lease as a result of non-payment of rent, general breaches of covenant or insolvency)
Commercial Rent Arrears Recovery scheme (CRAR)
Statutory Demands
Court Proceedings
So, as a landlord what are your options before 30 June 2021?
Whilst undoubtedly limited in scope, the positive spin is the moratorium does not remove a tenants obligation to pay monies due under the terms of the lease, but simply seeks to defer a landlords ability to enforce payments.
As such, if action is required prior to 30 June 2021:
Contact us
If you are a landlord and would like to discuss any of the above, please contact Craig Burton or Chehraz Fox.
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