Coronavirus (COVID-19)—BPF calls for end to eviction moratorium in June 2021

Coronavirus (COVID-19)—BPF calls for end to eviction moratorium in June 2021

The British Property Federation (BPF) has urged the government to put an end to the moratoriums on eviction and other enforcement action in June 2021, as the country eases out of coronavirus (COVID-19) restrictions. The BPF highlighted that, while the most distressed tenants have now reached an agreement on rent payments with their landlords, some ‘well-capitalised businesses’ who have been able to trade throughout the pandemic are abusing the emergency provisions by withholding much-needed rental income from landlords. The BPF has stated it is it is willing to support a targeted, time-limited extension of the moratoriums for retail, hospitality, and leisure businesses to reach agreement on rent arrears accrued until June 2021, but that extension of protection for rent arrears should last no longer than six months, with binding arbitration as a back-up.

In addition, the BPF has called on the government to give further reassurance to businesses through an enhanced Code of Practice with a clear framework to be applied consistently on a case-by-case basis for each lease negotiation. The BPF believes that it will be particularly useful in helping to protect small and independent businesses, where there may be an imbalance of negotiating power.

Source: British Property Federation: moratoriums on commercial property owner rights are undermining UK recovery

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