The government has extended its eviction moratorium until the end of the year, giving operators extended protection from the threat of eviction.
Businesses that can pay their rent are being asked to do so, as the latest support is aimed at those operators struggling the most during the pandemic.
This move will help those pubs and bars most in need of additional support to remain in their premises without the threat of eviction for the rest of this year, giving them the chance to focus on rebuilding their business over the autumn and Christmas period.
The government will also extend the restriction on landlords using Commercial Rents Arrears Recovery to enforce unpaid rent on commercial leases until the end of the year.
“This is a welcome step forward and should give businesses some much-needed breathing room to come to agreements,” comments UKHospitality chief executive Kate Nicholls. “This alone, however, is not going to solve the crisis.
“It’s critical that the government also extends the moratorium on statutory demands and winding-up petitions and include County Court Judgments. This should be extended until the end of March 2021 to give maximum opportunity to find solutions.
“It needs to be followed by further support which, crucially, must include working with landlords and tenants to find a mutually equitable solution. The debt is not going to go away and many businesses have no chance of paying. This is a stay of execution, but we are still short of a full reprieve.”