And now, the end is near (maybe) …
Forfeiture moratorium extended yet again, this time until end of June 2021
On 10 March 2021, the Government announced that the moratorium on forfeiture for rent arrears (which prevents Landlords from forfeiting commercial lease on the grounds of Rent arrears) has been extended until 30 June 2021.
By way of brief reminder, a part of a raft of measures introduced in response to the Covid 19 pandemic, a forfeiture moratorium was implemented in late March 2020 which prevented action being taken by commercial Landlords to forfeit commercial leases on the basis of Rent arrears. That moratorium has been extended on a number of occasions since it was introduced, and was due to expire on 31 March 2021.
This latest extension will, apparently, be the last extension to the moratorium. However, anyone who read my previous article may well be experiencing déjà vu as they read this, as in that article I recorded that the previous extension of the moratorium was said to be the final extension. So, whilst it may well be that this time it really is the last extension, we shall have to wait and see what June 2021 brings.
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This article is for general guidance only. It provides useful information in a concise form. Action should not be taken without obtaining specific legal advice.