Lets landlords and tenants resolve disputes over unpaid rent from COVID-19 business closures through binding arbitration instead of court. The arbitrator can reduce, delay, or write off rent debt if keeping it would destroy the tenant's business.
A Bill To make provision enabling relief from payment of certain rent debts under business tenancies adversely affected by coronavirus to be available through arbitration; and for connected purposes.
Status: In Progress
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Paul Scully, Lord Grimstone of Boscobel
Introduced: 2021-11-09