Client Alert

New York Commercial Eviction and Foreclosure Moratorium Extended to January 2021

21 Oct 2020

New York State has extended the moratorium on commercial evictions and foreclosures through January 1, 2021. Governor Andrew Cuomo’s Executive Order 202.70 extends the previous deadline of November 3, 2020, in order to “align with [the] residential eviction moratorium so they are both extended to the same date.” In a statement delivered on October 20, 2020, Governor Cuomo addressed the continued economic hardship on commercial tenants and mortgagors and expressed hope that the extension will provide additional time for commercial tenants to catch up on rent or renegotiate their leases and give mortgagors the opportunity to avoid foreclosure moving forward.

We will continue to monitor future Executive Orders and will provide further updates as they become available.

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