Property & Trusts Litigation Partner Shams Rahman provides guidance for landlords and tenants on commercial rental arrears accrued during the coronavirus pandemic and the government’s arbitration scheme.
Shams discusses the government moratorium which restricted collection of commercial rent arrears during the pandemic, resulting in vast rental arrears and in some cases tenants becoming insolvent, leaving Landlords seeking to recover possession of their properties via forfeiture. He discusses in particular the longer term impact of the moratorium and remedies following its lifting where the government has encouraged both landlords and tenants to resolve their rent arrears disputes through a new arbitration scheme.
