Welsh Government announces extension of moratorium on forfeiture for non-payment of rent

3 September 2021

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Welsh Government  has announced that the moratorium on forfeiture for non-payment of rent due to Covid 19 pandemic is to be extended from 30th September to 25 March 2022.

This announcement brings Wales in line with the protection given to commercial tenants in England announced by UK Government in June.  The Welsh Government encouraged tenants to pay rent where able to do so.  It will consider how it intends deal with the issue of commercial rent arrears built up during the pandemic over the coming months and will work with the UK Government on these proposals.

Philip Angell, Director of Property Management at Cooke & Arkwright, commented “This announcement was expected as it would have been surprising if Welsh Government offered less protection to commercial tenants than their Westminster counterparts”

Cardiff Waterside is a significant property holding for Aviva Investors at almost 500,000 sq ft. Our experiences show the benefit of working with a regional specialist where occupational markets can be unlocked with a good team with excellent local contacts. Ben Bolton and his team have done this for us for many years and been fundamental to our success and a very low void rate in Cardiff.

Matthew Leach, Arriva Capital Waterside