Real Estate Focus (November 2021)
December 03, 2021
This month’s Real Estate Focus discusses the government’s proposed legislation for a new landlord and tenant arbitration scheme, contained in the Commercial Rent (Coronavirus) Bill. The Bill seeks to dampen an impending wave of litigation resulting from unpaid commercial rent built up by tenant businesses forced to close during the COVID-19 pandemic. Certain parties who are unable to agree a resolution within the envisaged six-month window will have a mandatory arbitration regime imposed upon them. The Bill is currently at the Committee Stage, having passed its Second Reading on 24 November 2019.