Do you have difficulty paying rent for your premises?
The government has announced that it will protect high street shops and other businesses affected by COVID-19 from aggressive debt collection that was recently exercised by some landlords.
Statutory demands made between 1 March 2020 and 30 June 2020 and winding up petitions presented from 27 April 2020 through 30 June 2020 will be temporarily banned where a company can not pay its bills due to coronavirus.
Landlords will be prevented to use Commercial Rent Arrears Recovery (CRAR) unless they are owed 90 days of unpaid rent.
If you can not pay your rent due to coronavirus, talk to your landlord.
If you have any questions, please let us know.
More information can be found HERE.
The information provided in this article is not intended to constitute legal, accountancy or financial advice. You should take independent legal, accountancy or financial advice before relying on the information in this article or before decisions are made or before you embark on any course of action.
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