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Keeping It Real Estate News and Trends in UK Real Estate, Disputes and Planning Law

Tag Archives: CRAR

Posted in Real Estate News

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

Posted in Real Estate News

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

Posted in Real Estate News

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

Posted in Real Estate News

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