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Tax Day: Groundhog Day for business rates

Tax Day: Groundhog Day for business rates
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Government announces further extension to eviction ban

Government announces further extension to eviction ban THE government has announced a further extension to the current ban on bailiff-enforced evictions in England until May 31. Bailiff-enforced residential evictions in England had been due to remain on pause until the end of March, but will now expire two months later with renters only having their homes possessed in the most serious circumstances, such as incidents of fraud or domestic abuse. The rule stating that private landlords are required to give tenants six months’ notice of eviction has also been extended until at least May 31st. The ban on commercial evictions will separately be extended by three months to June 30 in a move aimed to support businesses who have been hit hardest by the fallout of the pandemic, such as bars and restaurants.

How Covid has turned retail rents on their head

By Steve Farrell2021-03-12T14:22:00+00:00 It’s an ‘occupier’s market’ as landlords have lost powers to evict. So how are retailers capitalising on that shift? In many ways, retailers have never had it so bad. But when it comes to their relationships with landlords, and especially if they’re in grocery, or have otherwise been able to stay open – they’ve never had it so good. Even before the pandemic, the inexorable rise of online meant retail property values were falling, giving occupiers an upper hand in negotiations. Now Covid has truly turned the tables. When the government banned landlords from evicting tenants and blocked legal routes to debt recovery last spring, occupiers were effectively given free rein.

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