IRRV Alert - week ending 8th April 2022 Part 2
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Arbitration on rent debt relief for businesses affected by coronavirus (8 April 2022)
Guidance
Arbitration on rent debt relief for businesses affected by coronavirus
This statutory guidance sets out how arbitrators should exercise their functions under Part 2 of the Commercial Rent (Coronavirus) Act 2022.
- From:
- Department for Business, Energy & Industrial Strategy
- Published
- 23 February 2022
- Last updated
- 8 April 2022 — See all updates
Applies to England and Wales
Documents
Statutory guidance to arbitrators about the exercise of their functions under Part 2 of the Commercial Rent (Coronavirus) Act 2022
PDF, 603 KB, 71 pages
Details
Where certain rent debts (protected rent debts) have fallen due for payment under a business tenancy that has been affected by coronavirus, the question of whether a tenant should be granted relief from payment will, in the absence of agreement, become a matter eligible for determination by an arbitrator.
Part 2 of the Commercial Rent (Coronavirus) Act 2022 sets out the statutory arbitration process that will apply in such circumstances in England and Wales.
The guidance contains:
(i) an explanation of the provisions of the Act relevant to arbitrators and of the Arbitration Act 1996 where pertinent
(ii) an explanation of the concept of ‘viability of a tenant’s business’ in the Act
Published 23 February 2022
Last updated 8 April 2022 + show all updates