By David Parsley2020-06-08T11:12:00
A new bill set to pass through the House of Lords tomorrow will further weaken the position of commercial landlords during the coronavirus crisis, claims accountancy group Moore.
Measures included in the Corporate Insolvency & Governance Bill include a temporary ban on landlords using winding up petitions between April 27 to June 30, where a tenant company cannot pay its rent bills due to coronavirus. It will not allow landlords to begin recovering rents unless they are owed at least 90 days of unpaid rent. The previous minimum was seven days.
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