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1336785
registered interest false more like this
date less than 2021-06-15more like thismore than 2021-06-15
answering body
Ministry of Housing, Communities and Local Government more like this
answering dept id 7 more like this
answering dept short name Housing, Communities and Local Government more like this
answering dept sort name Housing, Communities and Local Government more like this
hansard heading Business Premises: Coronavirus more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Housing, Communities and Local Government, if his Department will bring forward plans to extend the forfeiture moratorium for commercial rents debt. more like this
tabling member constituency Brighton, Kemptown more like this
tabling member printed
Lloyd Russell-Moyle more like this
uin 16188 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-06-23more like thismore than 2021-06-23
answer text <p>The Chief Secretary to the Treasury <a href="https://www.gov.uk/government/news/eviction-protection-extended-for-businesses-most-in-need" target="_blank">announced on 16 June</a> that the Government will introduce legislation to support the orderly resolution of rental payments accrued by commercial tenants during the pandemic. New legislation will ringfence rent debt accrued from March 2020 for tenants who have been impacted by Covid-19 business closures until restrictions are removed for their sector, and introduce a system of binding arbitration.</p><p>We expect terms to be agreed between commercial landlords and tenants affected by closures to defer or waive entirely a proportion of those rent arrears. But where agreement cannot be reached, both the landlord and tenant will need to undertake binding arbitration.</p><p>It is the Government’s expectation that landlords should share the financial burden with tenants where they are able to do so and give tenants breathing space to agree new terms, but also that tenants who can pay, should pay<em>. </em>This will also mean a return to normal contractual arrangements for those tenants able to pay rent debts in full and not affected by closures.</p><p>Until this legislation is in place, the existing moratorium on evictions will be extended to 25 March 2022. Statutory demands and winding up petitions will also remain restricted for a further three months to protect companies from creditor enforcement action where their debts relate to the pandemic. We will bring forward legislation during this parliamentary session.</p>
answering member constituency Walsall North more like this
answering member printed Eddie Hughes more like this
question first answered
less than 2021-06-23T15:59:54.96Zmore like thismore than 2021-06-23T15:59:54.96Z
answering member
4635
label Biography information for Eddie Hughes more like this
tabling member
4615
label Biography information for Lloyd Russell-Moyle more like this