The Debt Respite Scheme, also known as ‘breathing space’, provides tenants in financial difficulties with extra protection.
This article explains everything landlords need to know about the government debt scheme, from what to do if a tenant is given a breathing space, to how it could affect evictions.
What is breathing space?
The Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium)(England and Wales) Regulations was introduced in May 2021. It provides tenants in debt or suffering from mental health issues with protection from creditors such as landlords and letting agents.
The government debt scheme stops creditors from chasing or adding to debt for a defined period.
According to Mark Hayward, the Chi…
Read the full article at: https://www.simplybusiness.co.uk/knowledge/articles/2021/06/government-debt-scheme-guide-for-landlords/
