04 July 2022
The legislation designed to help business owners write off commercial rent debt ends on 24th September 2022. The Commercial Rent (Coronavirus) Act 2022 can write off rent debt built up during the lockdowns by up to 100% and or give time to pay. Debts from the pandemic are still ringfenced but after September if you are not in an arbitration, your landlord can change the locks and/or file for your insolvency.
If you don’t put your landlord on notice that you are going to use the legislation by the 24thof August you will lose the right to have your rent debt arbitrated.
If your business needs help putting your landlord on notice or with writing off your rent debt then contact https://protectedrentdebt.co.uk/
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