Rush To The Courts For Property To Collect £7B In Unpaid Rent As Arbitration Process Becomes Clearer
It is commercial property’s £7B question: What happens to the rent that has gone unpaid during the coronavirus pandemic? The High Court says one thing, the government something else, and swathes of property owners and their tenants remain in the dark about an issue that could decide their fates.
A series of High Court rulings in recent months have come down in favour of landlords, ordering tenants to cough up unpaid rent for periods when they were forced to shut. That has caused a spike in claims from property owners trying to recoup what they feel they are owed, according to property litigation lawyers. Click to read full article.