Covid Commercial Rent Arrears: How will the arrears dispute be decided?

The Commercial Rent (Coronavirus) Bill is expected to become law this month. It will introduce a new arbitration scheme to resolve certain commercial rent arrears disputes, where landlords and tenants haven’t been able to reach an agreement.

In this update, we look at what the arbitrator will need to consider in order to decide whether they should make an award about the protected rent debt, and if so what award should they make e.g. should they write off some or all of the arrears or allow the tenant to pay in instalments?

To download your copy of our Covid Commercial Rent Arrears: How will the arrears dispute be decided? please use the link.

To find out more about the above, please contact me or a member of our Property Team.