Commercial property eviction ban extension sparks dismay

A ban on landlords evicting firms for unpaid commercial rent is being extended for another nine months, sparking dismay from senior property industry figures, with one describing it as ‘crazy.’

The ban, which stops landlords taking tenants to court for non-payment, was due to end on 30 June.
Treasury Secretary Stephen Barclay said the delay in easing lockdown restrictions, had presented additional challenges to business.

It is estimated that firms in retail and hospitality are £5bn in rent debt.

Continue reading...