The Commercial Tenants Association has called for a new approach to deal with billions of pounds of COVID-related commercial rent debts. Specifically, it wants the government to adopt an Australian-style model, requiring landlords to waive at least 50% of debts accrued during the pandemic and to allow the remaining balance to be repaid in instalments across the remaining time on the lease.
The Commercial Tenants Association has called for a new approach to deal with billions of pounds of COVID-related commercial rent debts. Specifically, it wants the government to adopt an Australian-style model, requiring landlords to waive at least 50% of debts accrued during the pandemic and to allow the remaining balance to be repaid in instalments across the remaining time on the lease.