COVID-19 Update on commercial rent collections. The Government has recently announced new temporary measures.
The UK Government have recently announced the new temporary measures relating to business rental collections.
Under the new temporary measures statutory demands and winding up petitions issued to commercial tenants are to be temporarily voided.
Changes are to be made to the use of Commercial Rent Arrears Recovery, building on measures already introduced in the Coronavirus Act, and landlords and investors are being asked to work collaboratively with businesses unable to pay their bills.
For more details about this announcement, please visit the Government website here.