The Secret Retailer: ‘Financial cliff edge looms without rent standstill deal’

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We have to secure an extension to the moratorium on landlords taking action against retailers that do not pay rent.

The purpose of extending the moratorium would be twofold – to stop the cliff edge that would otherwise almost inevitably going to occur, and to bring reluctant landlords to the table to negotiate rents more fairly. 

If you look at the number of retailers that haven’t paid their full rent bills so far this year, and suddenly in the first week of October there are demands for that cash to be paid, let’s just say the game to be in will be corporate insolvency. It would hit retail extremely hard. We simply can’t allow it to happen.

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