Commercial rents and COVID-19: call for evidence

by | Apr 14, 2021

This call for evidence will support the government’s decision making on the best way to withdraw or replace these measures while preserving tenant businesses and the millions of jobs that they support.

If there is evidence that productive discussions between landlords and tenants are not taking place, and that this represents a substantial and ongoing threat to jobs and livelihoods, the government will not hesitate to intervene further.

 

The measures which are the subject of this call for evidence are:

  • the moratorium on commercial lease evictions established by section 82 of the Coronavirus Act 2020; and
  • the restrictions on the use of Commercial Rent Arrears Recovery (CRAR) established by the the Taking Control of Goods (Amendment)(Coronavirus) Regulations 2021.

 

In addition, these measures are complemented by the restrictions on the use of winding-up petitions and statutory demands established by section 41(1)(b) of the Corporate Insolvency and Governance Act 2020 which applies economy-wide. The content of these restrictions is not being considered here, however we are interested in the length of time for which these measures should be in place and how they relate to the other measures.

 

The government’s objective is to gather more evidence to understand how landlords and tenants are responding to the build-up of rent arrears that has occurred as a result of businesses being unable to trade normally during the pandemic. This will inform a better understanding of the risk to economic recovery posed by remaining rent debts, and to understand how landlords and tenants are adjusting existing lease terms to reflect the period of recovery that many tenant businesses will need once the trading restrictions are lifted. The evidence gathered will inform government policy regarding the exit from the existing measures and any need for additional measures to preserve viable businesses and the jobs that they provide.

 

The government seeks views from businesses; business representative organisations; commercial landlords, lenders, and investors and their representative organisations; commercial property professionals; and anyone with an interest in or connection to the commercial property market in England. The government is particularly interested in the views of small to medium sized businesses (SMEs) including small commercial landlords, independent businesses and sole traders with leased premises.

 

 

 Deadline: 11:45pm on 4 May 2021.

For more information and to complete the survey, click here.

 

Source: gov.uk

Related reads:

How much will EPR cost? Government set to refine base fees

How much will EPR cost? Government set to refine base fees

Brands and businesses have been collecting recycling data for the last 12 months but how much will EPR cost? In 2021, the Department for Environment, Food and Rural Affairs (DEFRA) announced that it will be introducing an Extended Producer Responsibility (EPR)...

Which government policies could affect the beauty industry?

Which government policies could affect the beauty industry?

Last week, Labour's key policies were set out in the King’s Speech at the State Opening of Parliament. Here are the key policies set to affect our industry… It feels like the new government is making announcements surrounding legislation everyday at the moment, as the...

Labour to form next UK Government, here’s what happens next

Labour to form next UK Government, here’s what happens next

Overnight, the Labour Party won the general election. Sir Keir Starmer will now be appointed Prime Minister  In a ‘landslide majority’, the Labour Party won 2024’s General Election and are now entering the walls of Whitehall and No 10.  The transition happens much...

For more information, check out:

THE NEWS YOU NEED TO KNOW

Stay on top of what's happening across the British beauty industry with our weekly news updates, delivered straight to your inbox.

Thanks for subscribing to receive news updates from the British Beauty Council.

Pin It on Pinterest

Share this on social: