After much speculation the government announced on 16 September that it will be extending protections that have been afforded to commercial tenants as a result of the COVID-19 pandemic. What are the current protections? Commercial tenants currently benefit from a number of COVID-19 related protections including: a temporary prohibition on landlords forfeiting commercial leases as
Tag Archives: CRAR
COVID-19 UK – Additional breathing space…but tenants who can pay should
Last week the government announced that: the forfeiture moratorium is to be extended until 30th September 2020; Commercial Rent Arrears Recovery (CRAR) can only be used where tenants owe at least 189 days of unpaid principal rent; the draft Corporate Insolvency and Governance Bill has been amended, extending the temporary ban on the use of winding-up
Coronavirus UK – has your tenant asked for a concession?
In Boris Johnson’s first daily coronavirus update yesterday, he urged the general public to stop “non-essential contact” and “all unnecessary travel“, and to avoid social venues including “pubs, clubs and theatres“. Although supermarkets have been doing a roaring trade in pasta, hand sanitiser and loo roll in recent days, other retailers, restaurants and pubs have
Confirmation from the Court of Appeal: Exercising CRAR will waive a right to forfeit
In an earlier blog we discussed the High Court decision in the case of Thirunavukkrasu v Brar & Brar. The High Court confirmed that taking action pursuant to the Commercial Rent Arrears Recovery regime (CRAR) would amount to a waiver of a right to forfeit. The landlords subsequently appealed to the Court of Appeal, which
Enforcement action for arrears – a useful reminder for landlords
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
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