NY halts commercial evictions

NY halts commercial evictions

FILE - In this March 31, 2020 file photo, New York Gov. Andrew Cuomo speaks about the $175.5 billion state budget during a news conference in the Red Room at the state Capitol in Albany, N.Y. Spending cuts are compounding for schools and state programs, reserve funds are dwindling, and some governors have begun proposing new taxes and fees to shore up state finances shaken by the coronavirus pandemic. With Congress deadlocked over a new coronavirus relief package, many states haven't had the luxury of waiting to see whether more federal money will come their way. (AP Photo/Hans Pennink, File)

ALBANY, N.Y. (AP) — New York commercial tenants are protected from evictions and foreclosures through Oct. 20 under a new executive order announced Monday. Gov. Andrew Cuomo said the executive order helps commercial tenants and mortgagors hit by the COVID-19 pandemic and economic restrictions to reduce its spread. He said those tenants can use the extra time to catch up on rent or their mortgage, or to renegotiate their lease terms to avoid foreclosure.

 

Photo credit:  (AP Photo/Hans Pennink, File)