|
Today, the UK’s property owners will ask their tenants to pay their quarterly rent. A big slug of them, especially in retail, will be told no. And they may well go on hearing no from tenants until well into next spring.
Tuesday 29 September 2020 will be a rent quarter day like no other for UK commercial property. Rent collection in June was not nearly as bad as had been feared, but a rising second wave of the coronavirus, combined with a variety of government legislation, has both landlords and tenants fearing for the future as the leaves fall from the trees.
A government moratorium on landlords being able to evict tenants or use the court system to pursue unpaid rent was earlier this month extended from the end of September to the end of December. And some in the sector believe this change to the UK legal…
Read the full story here.
|
