Commercial rent arrears recovery from tenants can be very costly for landlords and managing agents, unless they are aware of the latest CRAR legislation. Overdue and unpaid commercial rent places an unwarranted strain on the Landlord’s business cash flow. Prompt action, in accordance with the Commercial Rent Arrears Recovery (CRAR) regulations, is key to a successful and no cost outcome.
Our team with a combined total of over 140 years of experience, appreciate the importance of maintaining the relationship between the tenant and the landlord, whilst ensuring the recovery of the outstanding commercial rent arrears. We fully understand and adhere to the statutory procedure for Commercial Rent Arrears Recovery (CRAR) regulations which have applied since 6 April 2014.
Above all we always act to safeguard our client’s reputation during the enforcement process.
No-Cost Remedies – Commercial Rent Arrears Recovery CRAR & Non-Rent Arrears
Owing to recent legislation, there are now two remedies available for the Landlord and Agent. Both will not incur cost depending on what type of rent arrears is involved.
One is Commercial Rent Arrears Recovery CRAR which is covered below. The other is Service Charge and Insurance Arrears read more here.
We offer a One Stop Solution for both Commercial Rent Arrears Recovery CRAR and Service and Insurance Arrears. See our video.
Absconded or Former Tenants Commercial Rent Arrears Recovery
If would like to locate a former tenant then our Tracing Team will be able to help.
NB: Late payment charges will be applied on overdue invoices in accordance with the Late Payment of Commercial Debts (Interest) Act 1998 (As Amended).