Help on rent arrears
Commercial tenants given extended period to pay rent
Robin Blacklock: welcomes the act (pic: Terry Murden)
Tenants of commercial properties struggling with rental payments during the lockdown have been given an extended time to pay their landlords.
They will now have 14 weeks to pay instead of 14 days before a warning letter for non-payment of rent can be issued.
Minister for Public Finance Ben Macpherson has written to business leaders to promote the new powers which were passed by the parliament last week.
The new notice period applies to all commercial property leases, including those where a warning notice has already been issued and has not already expired.
Mr Macpherson said: “This new emergency measure is designed to support commercial tenants, who may be facing financial difficulties outwith their control during these extraordinary times.