Commercial tenants who cannot pay their rent because of Coronavirus will be protected from eviction, the government announced.
Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly, but the government recognises businesses struggling with their cashflow due to Coronavirus remain worried about eviction.
These measures, included in the emergency Coronavirus Bill 2020, means no business will be forced out of their premises if they miss a payment in the next three months. Commercial tenants will still be liable for the rent after this period.
Communities Secretary Robert Jenrick MP said: “We are protecting both people and their businesses by providing the urgent support they need.
“We know many commercial landlords are already setting a great example by working closely with tenants and offering rent deferrals or holidays.
“However, these new measures will provide reassurance to businesses struggling with cashflows and ensure no commercial tenant is evicted if they cannot pay their rent because of coronavirus over the next three months.”