Gov. Andrew M. Cuomo signs an executive order extending the state’s moratorium on COVID-related commercial evictions and foreclosures for an additional month, until Oct. 20.
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 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.
Additional protections were given to residential renters from charges for late payment of rent allowing tenants to use security deposits to pay rent for residential tenants by