Decision details

Rental Income: To approve deferral of rent and service Charge Payments from Council tenants adversely affected by Covid-19 (emergency decision)

Decision Maker: Chief Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To approve deferral of rent and service Charge Payments from Council tenants adversely affected by Covid-19.

Decision:

That the Chief Executive under emergency delegated powers agrees to:

 

i)             Defer or partially defer rental payments for up to six months for Commercial Tenants.

 

ii)            Delegate authority to the Strategic Director of Regeneration and Environment in consultation with the Director of Finance to implement deferral or partial deferral of the Rent payable by individual Commercial Tenants for up to a period of six months from 25th March 2020 and ending on the 25th September 2020.

 

iii)           Delegate authority to the Strategic Director of Regeneration and Environment in consultation with the Director of Finance to assess whether a Commercial Tenant is eligible to receive a rent deferral beyond the date during which The Council are barred from taking action for repossession imposed by the CA 2020 of 30th June 2020.

 

iv)           Note that a further report will be presented to Cabinet after September 2020 that will detail the financial impact of the deferred rent for the 6-month period

Reasons for the decision:

As detailed within the accompanying report.

Alternative options considered:

As detailed within the accompanying report.

Interests and Nature of Interests Declared:

None.

Wards Affected: (All Wards);

Cabinet/Committee Decision or Scheme of Delegation: Chief Executives Emergency Delegated Powers

Parties Consulted: Lead Member for Regeneration, Property & Planning and the Leader of the Council have been consulted.

Urgent item?: Yes

Publication date: 19/05/2020

Date of decision: 18/05/2020

Accompanying Documents: