The Commercial Rent (Coronavirus) Act 2022 was a new law introduced in March of this year to provide a legally binding arbitration process to resolve certain outstanding commercial rent debts accrued during the pandemic.
With most Covid-related restrictions having been completely lifted throughout the UK several months ago, the temporary measures put in place by The Commercial Rent (Coronavirus) Act 2022 are no different.
The closing date for recovering rent arrears during the pandemic is 23rd September, however as the pre-arbitration steps can take up to 28 days applicants are urged to notify respondents of intention to refer to arbitration by 26 August at the latest.
