The state’s moratorium on COVID-related commercial evictions and foreclosures will be extended until Oct. 20, Gov Andrew M. Cuomo said Monday.
The measure extends protections already in place for commercial tenants and mortgagors because of the economic crisis caused by the Covid-19 epidemic.
The extension 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,” Cuomo said. “That’s why it’s the right decision to extend the eviction ban for commercial tenants another 30 days.”
Cuomo first announced a State moratorium on evictions on March 20 to ensure no tenant was evicted during the height of the public health emergency.