Skip to content

Decision details

Revision of Rent Policy For Tenants of Non-Residential Council Properties

Decision Maker: Coronavirus (COVID-19) Decisions

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To approve a revised rent policy for tenants of non-residential Council properties, which includes a continued approach to suspend or defer rents for those tenants.

 

Reasons for the decision:

At the end of March, a revised rent policy was approved by the Incident Management Group for an initial period up until 30th June 2020. The policy was developed to respond to the needs of the Council's commercial tenants in the current circumstances.  This policy was due for review in June.  A revised rent policy has now been produced taking into consideration the current circumstances and further advice from Government.

The new policy outlines a continued approach to suspend or defer rent for tenants of non-residential Council properties. This means a potential deferral of a significant proportion (estimate 50%) of quarterly rent, mainly focused on Commercial Estate, Parks & Countryside, and Housing Revenue Account. There is a potential overall deferral in the region of £590k for the March and June quarters.

 

Urgent item?: Yes

Publication date: 24/07/2020

Date of decision: 26/06/2020