Property Focus: Coronavirus: developments for landlords and tenants
The government passed into law the Coronavirus Act 2020 on 25 March 2020 providing additional measures to suspend evictions while the national crisis is taking place.
To protect renters of residential accommodation affected by coronavirus, the Coronavirus Act 2020 means landlords must give all tenants 3 months’ notice, if they intend to seek possession. This is regardless of whether the landlord is relying on Section 21, or a breach of tenancy under Section 8. This protection covers most tenants in the private and social rented sectors in England and Wales, and all grounds of eviction.
From today (27 March 2020), the court will suspend all ongoing housing possession action including possession. This means that neither cases either currently in or about to go in to the system can progress to the stage where someone could be evicted. This suspension will initially last for 90 days but may be extended if necessary.
Tenants should be reminded that the new measures do not end liability for rental payments, it simply delays it. If tenants face financial hardship, support is available.
The government is also committed to supporting landlords, and have agreed with lenders that they will ensure support is available where it is needed for landlords. Landlords will also be protected by a 3 month mortgage payment holiday where they have Buy to Let mortgages.
If you have any queries in light of the current situation, please do get in touch.
This update is for general purposes and guidance only and does not constitute legal or professional advice. You should seek legal advice before relying on its content. For advice, get in touch with your usual Greenwoods GRM contact or scroll down to complete our enquiry form.