Government to publish code of practice for commercial sector

The Government is working with leading business and trade associations to publish a code of practice to support high street businesses. It will offer guidance on rent arrears payments and treatment of sub-letters and suppliers, to help ensure no one part of the sector shoulders the full burden of payment. Rishi Sunak, Chancellor of the exchequer, commented: “The Government is committed to supporting the commercial rental sector as it deals with the disruption caused by the coronavirus outbreak. We continue to work with lenders to ensure flexible support is provided to commercial landlords, including payment holidays and restructuring facilities, and it is right that where landlords receive support, they extend this to their tenants”.

Source: Bridging and Commercial