Businesses in Wales affected by the Covid-19 pandemic will be given protection from eviction until next March.
The announcement by the Welsh government’s economy minister Vaughan Gething, will see the ‘moratorium against forfeiture for the non-payment of rent’, extended past the initial deadline of September 30, 2021, to March 25, 2022.
The protection has been put in place to ensure that landlords of relevant commercial premises are prevented from forfeiting the leases of such premises for non-payment of rent.
The economy minister said that tenant’s should continue to pay rent ‘wherever possible’, and it is in the interests of both landlords and tenants to reach negotiated agreements on any arrears.
Ellis & Co Chartered Accountants and Business Advisers, Chester, North Wales and The Wirral - 01244 343504, email@example.com