Press Release from the government around sorting out commercial rent debts will be key to enabling businesses to plan ahead with certainty and build back better from the pandemic.
- New rules to be established to ringfence COVID-19 commercial rent arrears and guide tenants and landlords to agree repayment plans
- Measures to protect commercial tenants extended until new rules come into force
- Announcement welcomed by the hospitality sector
Businesses that have had to remain closed during the pandemic and are unable to pay rent on their commercial property will continue to be protected from eviction, giving them the breathing space they need and helping to protect jobs, the government has announced today (16 June 2021).