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Arrears definition

What does Arrears mean? Arrears are sums that have fallen due for payment but remain unpaid after the due date. In legal practice this descriptive term is used across contexts (contractual, statutory and court-ordered), for example rent arrears, service charge arrears, mortgage arrears, council tax or maintenance arrears. Particular regimes may define arrears for their own purposes, but there is no single universal statutory definition. In leases, arrears are amounts reserved by the lease (such as rent, service charge and insurance rent) that the tenant has not paid when due. Leases commonly provide that, once arrears persist for a specified period, the landlord...

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Commercial Rent (Coronavirus) Act 2022: protected rent debts, arbitration process, appeals, costs and landlord enforcement moratorium (England and Wales) [Archived]

Practice notes
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ARCHIVED : This Practice Note has been archived and is not maintained .

The Commercial Rent (Coronavirus) Act 2022 (CR(C)A 2022) preserves and broadens the safeguards afforded to commercial tenants during the coronavirus (COVID-19) crisis. It achieves this by ringfencing rent and service charge Arrears built up while premises were mandated to shut, and by creating a statutory Arbitration scheme through which sums can be written down or repayment postponed. A Moratorium on landlord remedies also applies to shield tenants whilst arbitration is ongoing. Core provisions of CR(C)A 2022, together with the government’s Commercial rent Code of practice following the COVID-19 pandemic (the Code), are outlined below. The government has additionally published statutory guidance on the Act’s terms. The window to commence arbitration has now closed, and with it the moratorium on landlord remedies where no reference was lodged. The moratorium endures for arrears that were referred in time (see Moratorium on landlord’s remedies). A Property Litigation Association survey reported very low take-up of the scheme, with markedly fewer arbitration referrals than anticipated. See LNB News...

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Web page updated on 21/05/2026

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Date [ date ] Parties [ name of Landlord ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Landlord) [ name of Tenant ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Tenant) [ [ name of Guarantor ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Guarantor) ] [ [ name of Mortgagee ] [ of OR incorporated in England and Wales (company registration number [ number ]) with its registered office at ] [ address ] (Mortgagee) ] Definitions Within this Deed, the terms below shall be interpreted as follows: [ Annual Rent • the annual sum reserved under the Lease; ] [ Insurance Rent • the Tenant’s share of the Landlord’s costs of insuring the Property (as set out in the Lease); ] Lease • the lease of the Property dated [ date ], entered into between (1) [ the Landlord OR [ name ...

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