On 9 November 2021, the Government announced new legislation and a Code of Practice to resolve commercial rent arrears that accrued during the pandemic. The new legislation is intended to take effect once the current moratorium, which protects commercial tenants from eviction, ends on 25 March 2022.
With all non-essential shops opening on Monday 15 June and the June quarter’s rent (which usually falls due on 24 June) imminent, commercial landlords and tenants are being encouraged to discuss the position and work out commercial solutions, which are likely to involve varying the terms of their current arrangements.
