Articles about Commercial Rent Arrears Recovery.
(To protect the identity of clients we may change the location or some other details in the articles.)
One of the complaints I hear about CRAR compared to the old Distress for Rent rules is that Distress was instant and CRAR requires the Notice to be served first.
The CRAR Notice of Enforcement could of course give the debtor chance to hide away anything worth seizing, even though they should not do so. How can you guard against this?
6th April 2014 saw the implementation of the Tribunals, Courts and Enforcement Act 2007 new statutory regime for Commercial Rent Arrears Recovery (CRAR).
One year on, how is it working out?
that is the question.
The recent changes to legislation regarding the collecting of overdue commercial rent affects the options available to commercial landlords.
A landlord of a small retail shop in Hull, East Yorkshire was in contact with us. He had a tenant who had substantial rent arrears who kept breaking payment arrangements.
We were instructed to collect commercial rent arrears on a tenant in Nottingham. As required under the CRAR procedure we sent the Notice of Enforcement to the tenant. There was no response from the tenant, and no payment was made.
A commercial landlord contacted us about a tenant. He was concerned about the change in the law, and whether this meant he would not be able to collect the outstanding rent arrears.
One Friday morning we had a call from a landlord who had used us before. He had a tenant in arrears. An added complication was the tenant had just declared himself bankrupt. Was there anything we could do?
We were asked by a landlord to recover commercial rent arrears from the tenant of an industrial unit in Croydon, south London. Could we help? Yes we can.
We took a phone call from a SME business in the east midlands. They had a tenant in Northampton who owed £4,000 rent on a shop, plus a smaller amount in service changes.
We recently had a landlord from Leeds in Yorkshire email us a CRAR warrant for a clothes shop in a shopping centre in Leeds.
A recent case using the new Commercial Rent Arrears Recovery regulations, CRAR, was an Indian restaurant in London. The tenant had been consistently late with their rent.