In England and Wales, the Commercial Rent (Coronavirus) Act 2022 (the Act) came into effect on 25th March 2022. It provides a statutory arbitration process to resolve outstanding rent debts resulting from the Covid-19 pandemic which are caught by the Act.
If you are a landlord or a tenant of commercial premises and have a problem with Covid-19 lockdown arrears you should read the recently published CCODR Guidance for the Coronavirus Rent Arrears Arbitration Service.
The Service offers a quick and cost-effective method of resolving the problems that arose from the Coronavirus lockdowns.
If you would like to discuss anything arising from this guide, please get in touch.
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