Although company voluntary arrangements have stolen the headlines this year, there are many other tenants, particularly those in the retail sector that are not seeking to reduce their rents but simply falling into arrears. This presents a significant headache for landlords trying to manage their property portfolios. There are a number of remedies available to
Tag Archives: CRAR
CRAR creeps closer – more new regulations introduced
The implementation of Commercial Rent Arrears Recovery (CRAR), which will replace the law of distress, has taken a step forward. On 9 January 2014, new regulations (Taking Control of Goods (Fees) Regulations 2014) were made for enforcement agents to recover fees and disbursements for CRAR from debtors. There are three stages to the new process