The Coronavirus Act 2020 came into force on 20 March 2020 and, under section 82, created a moratorium on commercial landlords forfeiting business leases for non-payment of rent, which remains in place.
On 23 April 2020, the government announced additional temporary restrictions on commercial landlords, referring to:
“High street shops and other companies under strain [being] protected from aggressive rent collection”.
Download this guide for commercial landlords from our property and insolvency team. This handy table sets out the enforcement options potentially available following the government’s emergency measures to combat COVID-19 whether or not the defaulting tenant has entered a formal UK insolvency procedure.
Landlord’s remedies on default by an insolvent commercial tenant