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If your building includes commercial tenants, be aware that New York’s moratorium on COVID-related commercial foreclosures and evictions will be in place until at least Oct. 20. The moratorium was set to expire Sept. 30, but Governor Cuomo recently signed a new executive order extending the ban for another month. This 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.
