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News & Press: General

UKH welcomes breathing room for commercial tenants

23 March 2020   (0 Comments)
Posted by: Chris Banks
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Commenting on the news that the Government has introduced emergency legislation to enact a moratorium on commercial landlord sanctions and debt enforcement for at least three months.

 

Kate Nicholls, CEO of UKHospitality said:

 

“With the next pending rent day falling this Wednesday, this move by the Government is hugely welcome and will help to protect jobs across the sector. The industry has been pressing ministers for several days to act on this crucial issue, and we are thankful they have responded positively to our concerns.

 

“While this removes the immediate cashflow pressure of quarter rent day, the Government has made clear that the negotiation is now with lessee and landlord to reach a solution on payment. Hospitality businesses want to work with landlords constructively during this crisis to find solutions and the hope now is that they enter into meaningful discussions on the optimum way forward.”

 


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