Last month, Section 82 of the Coronavirus Act 2020 was introduced to ban the forfeit of commercial leases until 30 June 2020 – or longer if the government deems it necessary – for not paying rent.
However, this does not stop landlords from issuing statutory demand notices and winding up orders, making debt claims or pursuing Commercial Rent Arrears Recovery (CRAR). These notices can push businesses into insolvency within days.
Larger brands such as Pho, David Lloyd Clubs and PureGym have been affected.
The advice given to retailers is to talk to the landlord, discuss payment plans and try to find a way forward.
Suffering a dispute can have serious implications on you and your livelihood and reputation. Our business solicitors will quickly and efficiently put your case together and act on your behalf. Call Vijay Srivastava or Shalish Mehta in our civil and commercial litigation department on 0161 624 6811(Option 6) or email firstname.lastname@example.org or email@example.com. We can advise you on the appropriate course of action and assist with any legal documents or proceedings that may occur.
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