Analysis

Commercial Rent Cliff Edge Looms Despite COVID Extensions

By Paige Long (August 5, 2021, 8:12 PM BST) -- While the U.K. government continues to provide short-term reprieve for businesses hit the hardest by the pandemic, insolvency lawyers warned the millions of pounds many companies still owe their commercial landlords has left clients trying to find new ways to restructure their debts.

U.K. lawmakers have again extended eviction protections for businesses hit hardest by the COVID-19 pandemic, but insolvency lawyers say that doesn't eliminate the threat of a cliff edge when the unpaid rent suddenly comes due. (AP Photo/Matt Dunham) Lawmakers have extended protections three times already since they first introduced support measures last June for businesses that had fallen...

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