Issue details

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

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

Decision type: Key

Decision status: Recommendations Approved

Wards affected: (All Wards);

Notice of proposed decision first published: 19/05/2020

This decision will be taken under urgency procedures.

Reason for urgency:
The decision proposed in this report is urgent in current circumstances because:

The current outbreak of Covid-19 and the subsequent social distancing measures put in place to combat its spread have placed a large number of businesses that rent space from the Council in serious financial difficulties.

A number of businesses such as retail, hospitality, leisure operators and nurseries have closed in compliance with Government guidelines and others have closed or scaled back due to reduced customer numbers.

Many of the Councils tenants have contacted Officers advising that in the current circumstances they will not be able to pay their rents and service charges and have enquired whether the Council will be able to assist them by waiving payments of Rent for a limited period.

Deferral of rents for key tenants will assist in facilitating their financial survival.

Anticipated restriction: Part exempt  - View reasons

Decision due: 18 May 2020 by Chief Executive

Explanation for NOT five clear days notice: The decision needs to be taken and implemented immediately to give the Council the tools to assist businesses in light of the current Corona Virus – COVID-19 outbreak.

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