UK seeks to shelter retailers from rent collection

Icade shopping centre for new website
By Owen Sanderson
27 Apr 2020

The UK government unveiled proposals last week meant to protect retailers from liquidation if the coronavirus lockdown results in them being unable to pay rent. Landlords already bloodied and bruised from years of tenants negotiating debt writedowns, are next in line though if rental cashflows cease.

The UK government said last week that courts would block winding-up petitions where the cause of the non-payment of rent was the coronavirus pandemic, and prevent landlords using Commercial Rent Arrears Recovery unless owed 90 days of unpaid rent. The Coronavirus Act already protected tenants from having ...

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