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Insight | Legal Alert

United Kingdom: Extension of COVID-19 enforcement and rent recovery restrictions for commercial leases

Restrictions preventing eviction of commercial tenants for non-payment of rent will remain in place until 25 March 2022, the UK government announced on Wednesday 16 June, with rent recovery restrictions also extended to variable dates.
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With volatility in the global economy and the emergence of new real estate investors such as insurance companies and pension funds, the commercial real estate market has become much more competitive. Evolving regulatory requirements in key real estate markets and rapidly changing economic environments have made it more challenging for multinational companies and other investors to manage their real estate portfolios.

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