Property Patter: the new arbitration system for covid rent arrears
The Commercial Rent (Coronavirus) Act received Royal Assent on 24 March 2022. This Act introduces a new arbitration process to resolve certain outstanding commercial rent arrears related to the pandemic. But how will the process work and how can landlords and tenants prepare for it? Natalie Deuchar, Hope Wilson and Emma Humphreys explore the new scheme.
Please note: This podcast was recorded shortly before the Act received Royal Assent. No significant details were changed, but there is now a list of approved arbitrators available here.
Further information can be found at:
- The government’s Commercial Rent (Coronavirus) Bill and revised Code of Practice
- New law to resolve remaining Covid-19 commercial rent debts now in place
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