Peterborough office
48 Broadway, Peterborough Cambridgeshire, PE1 1YW
01733 346 333 01733 562 338 enquiries@hegarty.co.ukStamford office
10 Ironmonger Street, Stamford Lincolnshire, PE9 1PL
01780 752 066 01780 762 774 enquiries@hegarty.co.ukOakham office
66 South Street, Oakham Rutland, LE15 6BQ
01572 757 565 01572 720 555 enquiries@hegarty.co.ukMarket Deeping office
27a Market Place, Market Deeping, PE6 8EA
01778 230 120 01778 230 129 enquiries@hegarty.co.uk24 Jan 2022
At the moment as a result of legislation brought into place following the Coronavirus Pandemic a Commercial Landlord is unable to take any steps in order to evict a Tenant for non-payment of rent until the 25th of March 2022. Many Tenants have taken advantage of the Coronavirus legislation in order not to make payment of the rent.
The Government are seeking to ring-fence rent debts built up by businesses during the Pandemic. A Code of Practice has been published which provides guidance to Landlords and Tenants in seeking to negotiate terms for the payment of the outstanding rent and in order to resolve disputes. The Government’s Code of Practice will result in a formal arbitration scheme being introduced. If the parties are unable to agree for terms of repayment of the rent arrears, the binding arbitration process will come into play.
Should you have any queries concerning this please contact Kally Singh.