Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, the Government has 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 currently going through Parliament, will mean no business will be forced out of their premises if they miss a payment in the next three months.
This builds on the unprecedented package of support announced for businesses who are affected by coronavirus.
As commercial tenants will still be liable for the rent after this period, the Government says it is also actively monitoring the impact on commercial landlords’ cash flow and continues to be in dialogue with them.
Communities Secretary, Rt Hon 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.”
The Coronavirus Bill also includes new measures to ensure that Business Improvement Districts (BID) are equipped to continue their vital role in managing the impact of the crisis on local economies and helping town centres and high streets recover.
To ensure no area loses its Business Improvement District at this critical time, emergency legislation will allow a delay to ballots between now and December 31 until March 2021.