Rent deferral for Council business tenants
The council’s commercial estate is offering existing occupiers up to three month rent deferral in response to the effects of the Government-imposed lockdown.
Existing occupiers of estate properties can apply for rent deferral to cover rent due at any point after 23rd March 2020 until the end of the Government mandated lockdown in Wales for up to three months.
Applications will be based on an assessment of the evidence supplied, which must demonstrate unavoidable financial impacts of lockdown on the business, and the shortfall of other forms of financial assistance available in meeting the immediate needs of the business to remain solvent.
Cabinet Member for Property, Councillor Phyl Davies said: “We are offering all occupiers the opportunity of applying for a three-month rent holiday to offset some of the impact of the pandemic. It is not a rent-free period and tenants will be expected to pay the deferred charges in addition to their normal charges later although some extensions may be possible with agreement.
“I urge tenants to seriously consider a deferment because any unpaid charges as a result of the pandemic will have to be collected once debt recovery restrictions are lifted under the Coronavirus Act 2020.”
More information on the initiative and application forms are available from the council’s Commercial Property Service; commercial.property@powys.gov.uk
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