21 April 2022
All seven approved arbitration bodies have now published their fees on their websites.
Andrew Goodacre said: "The recent arbitration process to address rental debt arising from Covid restrictions was recently announced. We have been chasing details of the costs of arbitration and below you can find the links to the fees from the nominated arbitrators. It's important that tenants with debt try to negotiate with the landlord first but we would also urge you to look at the whole arbitration process and speak to one of the arbitrators as there is a time limit on resolving the debt in this way."
Approved arbitration bodies
- RICS - https://www.rics.org/uk/products/dispute-resolution-service/drs-services/covid-rent-arrears-arbitration/
- London Chamber of Arbitration and Mediation (LCAM) - Fees are set out in the application form/proforma - https://lcam.org.uk/adrschemes/
- Falcon Chambers - https://www.falcon-chambersarbitration.com/crca
- Dispute Resolution Ombudsman - https://www.disputeresolutionombudsman.org/page/covid-rent-arrears-arbitration
- CDRL - https://www.cdrl.org.uk/commercial-arbitration/
- CCODR - https://www.ccodr.com/
- CiARB - https://www.ciarb.org/disputes/schemes/coronavirus-commercial-rent-debt-arbitration-scheme/
Rental Debt Webinar
Andrew Goodacre of Bira and Chris Wright of protectedrentdebt.co.uk are hosting a zoom meeting to discuss the new legislation that has been brought in to tackle commercial rent debts built up during covid restrictions.
Attend the webinar on 5th May
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