New York says it’s continuing to take steps to protect residential and commercial tenants from eviction during the Coronavirus Pandemic.
This week it announced an extension of the state’s moratorium on COVID-related commercial evictions and foreclosures for a month.
It now runs through October 20th.
The measure extends protections already in place for commercial tenants and mortgagors in recognition of the financial toll the pandemic has taken on business owners, including retail establishments and restaurants.
The extension of this protection gives commercial tenants and mortgagors additional time to get back on their feet and catch up on rent or their mortgage, or to renegotiate their lease terms to avoid foreclosure moving forward.
“The pandemic remains far from over, and we need to continue protecting the business owners supporting their families amid restrictions necessary to protect the public health,” Governor Cuomo said. “That’s why it’s the right decision to extend the eviction ban for commercial tenants another 30 days.”
The measure was first announced in mid-March.
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