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Protection for Commercial Tenants

 

 

The government has recently announced new legislation to protect commercial tenants from facing eviction:

 

 

  • The legislation protects commercial tenants for the next 3 months from eviction from non-payment, but will be kept under review by the government and has the potential for extension
  • It no longer means landlords can forfeit the lease after 14 or 21 days following non-payment of rent
  • This already applied to residential tenants, but has been expanded to now include commercial tenants
  • Any current forfeiture proceedings will also be placed on hold until the end of June
  • Certain classes of occupation will be excluded:
    • Licences including serviced offices
    • Tenancies at will
    • Employment service tenancies
    • Tenancies of less than 6 months
    • Home business tenancies
    • Agricultural holdings
    • Mining leases
    • Code Agreements under the Electronic Communications Code 2017
    • Any other tenancies where Part 2 of the Landlord and Tenant Act 1954 is not applicable
  • It is currently unknown what action needs to be taken (if any) to ensure protection. We will provide an email update once more information is released

 

Please feel free to share this information as widely as possible and encourage people, who might benefit from regular email updates, to register at www.asquithand.co.uk for future updates.

This information is provided free of charge and in good faith, without acceptance of any future liability arising from any action or in-action by any recipient or reader.

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