The government has extended its ban on evictions of high street businesses over non-payment of rents until at least the autumn.
The evictions moratorium was extended today from June 30 until the end of September. The government also published a code of practice designed to ease increasingly fraught negotiations between high street tenants and landlords facing increased pressure due to the coronavirus lockdown.
The next quarterly rent day falls on Wednesday, when retail and high street food and beverage businesses are required to pay for the third quarter’s rent.
However, with many retail businesses having only reopened a few high street stores on Monday, and restaurants and pubs still shuttered, landlords are expecting takings to be minimal.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.