Since extending restrictions on Commercial Rent Arrears Recovery (CRAR) and commercial evictions last month, the government has released a call for evidence on the latest commercial rent measures from landlords, tenants and all relevant stakeholders Read more...
Since extending restrictions on Commercial Rent Arrears Recovery (CRAR) and commercial evictions last month, the government has released a call for evidence on the latest commercial rent measures from landlords, tenants and all relevant stakeholders in the commercial sector.
This call for evidence concerns only the moratorium of commercial rent evictions and the restrictions on the use of CRAR. While other related measures, including the restrictions on the use of winding-up petitions and statutory demands are not being considered in this call for evidence, the government reported in its recent press release that they “are interested in the length of time for which these measures should be in place and how they relate to the other measures.”
At present, the restrictions on CRAR and commercial evictions are due to be in place until 30 June 2021 to enable businesses enough time to recoup their losses following several lockdowns imposed as a result of the COVID-19 pandemic.
All those impacted by these extended commercial rent measures are invited to share their opinions and evidence via an official survey, which will enable the government to determine which steps to take in order to best support businesses, tenants and jobs going forward. The government has emphasised that it would like to hear evidence from a wide range of stakeholders including SMEs, lenders, investor and agents.
If you have any concerns regarding commercial leases, whether landlord or tenant, please feel free to get in touch with Real Estate Director Nick Marshall for a confidential discussion.