COVID financial support for landlords and tenants


Simon Misiewicz

22nd October 2020

Residential property tenants - how to cope with Coronavirus

You may be interested to know how Coronavirus also is known as COVID19 affects other aspects of the economy be it self employment, property or other aspects of employment.

Speak with tenants. I have already had to let go, two tenants, because they knew they were going to struggle after being made redundant. As landlords, we may need to be sympathetic and let tenants go early.

NLA – Guaranteed rental income insurance:  to help you with the issue of tenant nonpayment of rent.

Help and guidance from the National Landlords Association on how to deal with Coronavirus and tenants

Check your property insurance for buy to lets to see what their policy is on tenants failing to pay because of Coronavirus.

Speak with utility companies to out in place payment plans for gas, electricity etc. especially if you own HMOs

Landlords and tenants will be expected to work together to establish an affordable repayment plan, taking into account tenants’ individual circumstances.

Government support to tenants by putting in place a non-eviction of tenants for a three month period

Commercial property tenants - how to cope with Coronavirus

The government announced that commercial property tenants would not be forced out even if they are unable to pay their rent for a three month period.  This update is included in the emergency Coronavirus Bill currently going through Parliament. Commercial tenants will still be liable for the rent after this period. The government is also actively monitoring the impact on commercial landlords’ cash flow and continues to be in dialogue with them.

The change will come into force when the Coronavirus Bill receives Royal Assent. It will last until 30 June, with an option for the government to extend if needed.

Enquire about our ongoing services

Book a call to discuss our property accountancy services

Get in touch

Book a paid for tax consultation

Use the code “Art25” to get 25% discount

Book now
Need advice?
Contact us now

Book a call to see how we can help you.

Consultation options.

We offer the two following options for initial consultations.


Discuss our monthly retained accountancy services

This is a call to discuss our monthly retained accountancy services. This is not a tax call

  • Discuss our monthly retained accountancy services

  • Talk to use about your situation

  • Tell us what tax pains you have

  • We will look into your case and identify the right service for you

Discuss our services


Pro active tax advice

(Free for clients)

Need tax advice right now? Let us identify the tax solution

  • Upload your questions in advance

  • All of our Tax Advisors collectively discuss your questions in the morning

  • One of our qualified tax advisors will provide the very best solution to you

  • We follow up with an email and a recording of the meeting

  • You and the tax advisor will clear up any remaining questions in an email exchange

Tax call from £699.95

Booking your appointment.