Commercial Rent Arrears Recovery.

Commercial Rent Arrears Recovery (CRAR)

Sheriff and Penny understand the importance of maintaining cash flow through regular rent payments. When tenants fail to pay, recovering what you are owed is not always easy. Under regulations published today, the landlord’s ancient right of distress against his tenant to recover arrears of rent has been abolished from 6 April 2014. For commercial premises only, it will be replaced by a new statutory regime for Commercial Rent Arrears Recovery (“CRAR”).

Key aspects of CRAR „ 

  • Lease must be in writing „
  • Commercial Premises only „
  • Only applies to rent „
  • Landlord must give seven clear days’ notice in writing before entering the Premises to seize goods
  • Notices to sub-tenants to redirect rent will only take effect fourteen days after service„
  • CRAR may only be enforced by a Certificated Enforcement Agent

Authorisation to Exercise CRAR

Where there are goods to which we can gain access, Taking Control of Goods under the CRAR process is usually the best option. It is effective and it costs you nothing as we are allowed to impose fees and collect them from the tenant. Although the Enforcement Agent is allowed to remove goods on their first visit if necessary, this does not have to happen. They may be left on the premises under a controlled goods agreement while payment is arranged, thereby maintaining the landlord tenant relationship.

Authorisation to Exercise CRAR

Please download the form below, fill in all the details and return to us at admin@sheriffandpenny.com

CLICK HERE TO DOWNLOAD

 

Forfeiture of Lease

We undertake peaceful repossession of commercial property, terminating the lease and handing control back to the landlord. We ensure that the lease is forfeited by peaceful entry of the premises, and will ensure that Notices of Forfeiture are correctly displayed, and locks changed.

“Forfeiture” is possible without court action where it is written into your lease and is possible where access is denied. A landlord can exercise his right to regain possession of his property against the wishes of the tenant if the tenant is not meeting the terms of his lease (e.g. not paying rent).

Lease Forfeiture Authority

Please download the form below, fill in all the details and return to us at admin@sheriffandpenny.com

CLICK HERE TO DOWNLOAD

For more information please call our offices on 0121 246 2284 or alternatively email admin@sheriffandpenny.com

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