Lee Sharpe looks at the implications for landlords whose tenants are struggling to pay rent in the Coronavirus era.
Some (predominantly online) businesses have prospered from the coronavirus pandemic while millions of people have been encouraged to stay at home, but most businesses have suffered.
Of course, landlords are not immune:
- Retail outlets have closed, factories have been shuttered, and the outlook for hospitality venues, from small cafes to football stadia, looks bleak indeed.
- On the residential front, while the self-employed income support scheme and coronavirus job retention scheme are helping many traders and employees to stay afloat, even those that have so far kept their livelihoods may nevertheless see significant reductions in personal income.