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Covid rent arrears rise to £7bn

Nearly £7bn of rent hangs in the balance as landlords and tenants wrangle over arrears racked up during the pandemic.

Owners of offices, shopping centres and other commercial properties were owed £6.97bn as of the end of June, according to Remit Consulting.

The British Property Foundation said that an agreement had been reached in about 80% of cases.

The Times (£)

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