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Insider UK
Insider UK
Business
Peter A Walker

End of relaxed rental rules could lead to increased insolvencies in Scotland

Signs are emerging that the removal of relaxed rent payment rules introduced to counter disruption caused by coronavirus could prove the tipping point to insolvency for some companies in Scotland.

A senior litigation lawyer and a business recovery specialist are among those forecasting an increase in firms being wound up because they are struggling with commercial property arrears, on top of other pressures and general rising costs.

But they have countered that with a message that tenants already anticipating problems can increase their chances of survival if they are proactive and try to reach an agreement with their landlord over terms ahead of them missing payments.

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