Cuomo Extends Moratorium On COVID-Related Commercial Evictions And Foreclosures Through Jan. 1
New York Gov. Andrew Cuomo is extending the Empire State’s moratorium on coronavirus-related commercial evictions and foreclosures through Jan. 1st.
The newly signed executive order maintains protections currently in place for commercial tenants and mortgage holders “in recognition of the financial toll the pandemic has taken on business owners, including retail establishments and restaurants,” according to a statement from the governor’s office.
The extension will afford commercial tenants and mortgagors more time “to get back on their feet and catch up on rent or their mortgage,” or to renegotiate their leases to avoid foreclosure, according to the statement.
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