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 and Department for Levelling Up, Housing and Communities
Published
4 August 2021

Applies to England

Documents

Supporting businesses with commercial rent debts: policy statement

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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.

Further to this policy statement; the Commercial Rent (Coronavirus) Bill was introduced on 9 November 2021. A revised code of practice and public notice were also issued on this date.

Published 4 August 2021