Commercial tenants mandated to close to be further protected from enforcement action to pave the way for proportionate resolution of COVID-19 related rent debts.
The Department for Business, Energy, and Industrial Strategy, and the Department for Levelling up, Housing and Communities has today (9 November 2021) announced the introduction of the Commercial Rent (Coronavirus) Bill into Parliament alongside a new code of practice.
The Bill will introduce a ringfence for rent debts built up as a result of mandated business closures during the pandemic whilst establishing a new binding arbitration process aimed at finding a proportionate solution which protects jobs, prevents further damage to the economy and enables a return to normal commercial relations.
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