Commercial Rent Arrears Moratorium Extended Again…
On 9 December 2020 the UK Government announced a further extension to the moratorium on forfeiture of leases on the grounds of non-payment of rent or other sums due, and the presentation of winding-up petitions. The extension is until 31 March 2021 Whilst the...
Covid-19, Recession and Insolvency
When is a Company Insolvent? There is no doubt that we are in a recession. Most businesses have been fundamentally affected by the COVID 19 pandemic. It is important for a company directors to be mindful of the possibility of insolvency and the implications. When a...
Covid-19: Can You Just Not Pay Rent?
New data released by Remit Consulting, gathered from six leading property management companies in the UK, revealed that just 48% of tenants paid on time and in full in March. Just 41% of retail and hospitality tenants paid their rent while 57% of office tenants paid....
Covid-19 Lockdown – Landlord and Tenant Showdown
Many tenants have not paid their 25 March 2020 quarter’s rent. The scene is now set for a dog fight between landlords and tenants. In this article, we give some guidance as to what both landlords and tenants should be thinking about. THE LEGAL BASIS FOR THE LOCKDOWN...