SCHEDULES

SCHEDULE 2Temporary moratorium on enforcement of protected rent debts

I1I17Using landlord’s right to appropriate rent

1

This paragraph applies in relation to a payment of rent under a business tenancy which is paid during the moratorium period for the debt at a time when—

a

the tenant owes the landlord an unprotected rent debt in addition to the debt, and

b

the tenant has not exercised the tenant’s right to appropriate the payment to any particular rent debt owed to the landlord.

2

The landlord’s right to appropriate the payment must be used to apply the payment to meet the unprotected rent debt before it is applied to the protected rent debt.

3

In this paragraph an “unprotected rent debt” is a debt consisting of—

a

rent that is not protected rent, or

b

interest on rent that is not protected rent.