IRRV Alert - week ending 6th August 2021
News
Consultations
Reports
Resolving commercial rent arrears accumulated due to COVID-19 (4 August 2021)
Policy paper
Resolving commercial rent arrears accumulated due to COVID-19
A policy statement on the announcement to ringfence COVID-19 commercial rent debts and introduce binding arbitration.
- From:
- Ministry of Housing, Communities & Local Government
- Published
- 4 August 2021
- Applies to:
- England
Documents
Supporting businesses with commercial rent debts: policy statement
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Details
A policy statement clarifying the announcement made on 16 June 2021 to extend the existing moratorium on commercial property evictions until 25 March 2022.
This will provide time for government to legislate to ringfence Covid-related rent arrears and introduce a system of binding arbitration for landlords and tenants who cannot come to a negotiated settlement.
Published 4 August 2021