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RICS Launches COVID-19 Independent Evaluation Service to Help Solve Commercial Rent Crisis

An Estimated £1.5Bn of March Quarter Day Commercial Rent Remains Unpaid
There has been a dramatic collapse in income for many tenants as social distancing and lockdown has been introduced, and that has had a dramatic impact on rent payments. (Getty Images)
There has been a dramatic collapse in income for many tenants as social distancing and lockdown has been introduced, and that has had a dramatic impact on rent payments. (Getty Images)
CoStar News
July 28, 2020 | 9:43 AM

RICS has launched a Commercial Rental Independent Evaluation Service to help landlords and tenants negotiate payments during the COVID-19 pandemic as it responds to what it terms a crisis in the number of commercial rent disputes.

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