On Friday, 19 June 2020, the UK government announced that it would be extending existing measures to protect tenants from eviction over summer. In summary, the new measures include:
- Extending the moratorium on forfeiture from 30 June 2020 to 30 September 2020
- Preventing landlords from exercising Commercial Rent Arrears Recovery (“CRAR”) unless they are owed 189 days of rent
- Banning the use of statutory demands and winding up petitions where a company cannot pays its debts due to COVID-19 until 30 September 2020
- Introducing a new, voluntary Code of Practice (the “Code”) for commercial landlords and tenants
Our colleagues in real estate have produced this helpful alert that explains more.