Commercial Property Arrears

Commercial property landlords banned from demanding rent arrears

Commercial property landlords in the UK have been temporarily banned from taking legal action against tenants who have not paid their rent, to protect retailers and other businesses from “aggressive rent collection” during the coronavirus crisis.

Landlords are prohibited by the government until 30 June from sending their tenants statutory demands, a formal request for payment or winding-up petitions – a legal notice usually sent by a creditor to request that the courts close a company that owes it money.

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Source: Guardian 23 April