The government announced last week that business owners affected by the pandemic will be protected from eviction until the end of March 2021. Further guidance to support negotiations between landlord and tenant has also been promised shortly.
Tenants who are able to pay any or all of their rent are told to do so. As more parts of the country including London head into tier 3 restrictions with the associated closure of bars and restaurants, this concession will be of limited comfort.
In addition to the extension of this protection the government plans a review of the whole leasing process including the 1954 Act Landlord and Tenant legislation. It recognises that the current leasing framework is not working and wants the review to see how best to enable better collaboration between landlord and tenant in the future.
To read the government announcement click here.
For further advice in relation to landlord and tenant or other commercial property matters please contact David Wells on 01908 247030 or click here to email him.