The government has introduced emergency legislation through the Covid Bill to ban evictions for commercial tenants for at least three months. This will extend a previously-announced measure in the Covid-19 emergency legislation to ban evictions for social and private renters for three months. This is not a rental holiday and landlords are still owed rent.
Should this not be paid once this clause of legislation has lapsed, landlords will be able to claim for forfeiture. This approach encourages businesses that are in a position to make their rent payment to do so, whilst providing three months’ grace to those that are struggling.
Further advice on financial requirements and auditing during coronavirus is available from the Financial Reporting Council here.
The CBI have also produced a webinar which covers sick pay and benefits, and how to support your workforce through the outbreak.