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No excuse for richer firms to withhold rent, says Land Securities


The measure was designed to protect firms that had been forced to close due to lockdown restrictions – and would have faced collapse if they had been forced into coughing up rent.
But that has also battered landlords, which have seen their cash flows dramatically hit. Land Securities said in many cases it has agreed longer-term payment plans with struggling tenants or in some cases forgiven debts.
But despite the recent lifting of restrictions, the group said some big businesses are still abusing the system to avoid paying rent.
That is despite ministers saying that ‘businesses who are able to pay rent, must do so’. ....

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