The new Coronavirus Act 2020 has now introduced further measures to ensure that those tenants of commercial premises (including retailers) cannot lose their lease over the next three months if they fail to pay their rent during that period.

These protections will no doubt come as a major relief for thousands of businesses who would normally be facing the threat of action after the next quarterly rental payment falls due to landlords on Wednesday 25 March.

Many commercial landlords were already in discussions with their tenants ahead of the March quarter day as to what sort of payment plan may work for them to preserve cash flow rather than full payment of the quarter’s rent- whether by way of a total suspension of the quarter’s rent or converting to monthly instalments.  But businesses remained concerned that a reduced cash flow could result in early termination of their premises leases and being forced to leave.  That risk has now been removed by these Government measures.

You can read the rest of the article here