BLB Solicitors
  • +01225 755656
  • info@blbsolicitors.co.uk
BLB Solicitors
  • +01225 755656
  • info@blbsolicitors.co.uk
  • Home
  • Services for You
    • Conveyancing Solicitors
    • Leasehold Property Rights
    • Property Dispute Solicitors
    • Divorce, Family Law and Mediation
    • Lifetime Planning and Wills
    • Probate and Estate Administration
    • Personal Injury Compensation
    • Medical Negligence Solicitors
  • Services for Business
    • Commercial Property
    • Commercial Property Dispute Solicitors
    • Corporate & Commercial Legal Advice for Business
    • Estate Management Solicitors
  • BLB Solicitors Locations
    • Almondsbury Solicitors
    • Bath Solicitors
    • Bristol Solicitors
    • Bradford on Avon Solicitors
    • Swindon Solicitors
    • Trowbridge Solicitors
  • About Us
    • Our Team
    • Working for BLB
    • BLB Solicitors – How we work
    • Making Payments to BLB Solicitors
    • Instructing BLB Solicitors
    • Terms of Business
    • Complaints Policy
  • Blog
  • Contact Us

Home » Commercial lease moratoria extended – and more…

Commercial Property
Shopping Street
Dec 16th, 2020

At BLB Solicitors, our goal is simple – to deliver you clear, practical legal advice and cost-effective solutions. We hope you enjoy exploring our Blog. If you can’t find what you’re looking for, please do contact us.

Commercial lease moratoria extended – and more…

The Secretary of State has announced further extensions to the moratoria on lease forfeiture and debt enforcement, plus a review of “outdated” landlord and tenant legislation. Our Commercial Property Team are available on 01225 462871. You can also contact them by email, or by completing the contact form at the foot of this page.

In announcing the further extension of the government’s moratoria on lease forfeiture and debt enforcement, the Secretary of State for Housing, Robert Jenrick,  has made it clear that this will be the final extension. Mr Jenrick said:

“I am extending protections from the threat of eviction for businesses unable to pay their rent until March 2021, taking the length of these measures to one year. This will help them recover from the impact of the pandemic and plan for the future.

“This support is for the businesses struggling the most during the pandemic, such as those in hospitality – however, those that are able to pay their rent should do so.

“We are witnessing a profound adjustment in commercial property. It is critical that landlords and tenants across the country use the coming months to reach agreements on rent wherever possible and enable viable businesses to continue to operate.”

The current moratoria prevent the repossession of commercial premises if coronavirus has affected a business’s ability to pay its rent and restricts landlords from pursuing recovery of rent by such means as statutory demands and winding-up petitions.

Commercial Rent Arrears Recovery

In line with the extension of these moratoria, the restriction on the use of Commercial Rent Arrears Recovery (CRAR), which allows commercial landlords to recover rent arrears by taking control of a tenant’s goods and selling them, has also been extended to the end of March 2021.

Not only…but also

But that is not all. Mr Jenrick has also announced:

  • that early in the new year, the government will issue further guidance aimed at supporting commercial landlords and tenants in their negotiations. This guidance will sit alongside its voluntary “Code of Practice for commercial property relationships during the COVID-19 pandemic”, published in June.
  • a review of “the outdated commercial landlord and tenant legislation, to address concerns that the current framework does not reflect the current economic conditions“, which will consider “how to enable better collaboration between commercial landlords and tenants and to improve the leasing process to ensure our high streets and town centres thrive as we recover from the pandemic and beyond“. Quite an ambition – watch this space!
BLB Solicitors
Request a Call Back

Recent Articles

  • Commercial rent moratorium ends
  • Covid-related commercial rent arrears: new arbitration scheme from March 2022
  • Sale of commercial property: a guide
  • Commercial lease forfeiture moratorium further extended until March 2022
  • Two thirds of retailers facing legal action after 30 June

Newsletter Sign-up

* indicates required

Share this article

You may also like...
  • Apr 9th, 2021
    Consultation opens on protections for commercial tenants
    Read Article
  • Jun 17th, 2021
    Commercial lease forfeiture moratorium further extended until March 2022
    Read Article
View All Related Articles
Get in-touch today
Contact Form

Left Column

Right Column

Centre

 
Sending
  • Bristol Solicitors

    0117 905 5308
  • Bath Solicitors

    01225 462871
  • Bradford on Avon Solicitors

    01225 866541
  • Swindon Solicitors

    01793 615011
  • Trowbridge Solicitors

    01225 755656
  • Almondsbury Solicitors

    0117 905 5308
Authorised & Regulated by Solicitors Regulation Authority (No. 636644)
©2022 BLB Solicitors | Terms | Privacy | Legal