Government increases amount of rent arrears required to exercise CRAR

Derby Office Icon

 

The Government has announced an increase in the amount of rent arrears required to be due to a Landlord before it can exercise the Commercial Rent Arrears Recovery procedure (CRAR).

The Taking Control of Goods and Certification of Enforcement Agents (Amendment) (No. 2) (Coronavirus) Regulations 2020 (“the Regulations”) come into effect today, 24 June 2020, and require the amount of rent arrears to be equivalent to 189 days’ rent, an increase from the 90 days’ worth of arrears required previously. This will severely limit the availability of CRAR as an option for landlords in recovering rent arrears.

This restriction applies for the “relevant period” as defined in section 82 of the Coronavirus Act 2020, which has recently been extended by regulations until 30 September 2020. You can read about this here.

The Regulations also prescribe 23 August 2020 as the expiry date for the certain other measures, including the prevention of enforcement agents taking control of goods at residential premises and on highways.

RELATED:   PROPERTY DISPUTE RESOLUTIONREAL ESTATE


FROM THE ADVICE CENTRE

News

Geldards Chairman Appointed Interim Chair At D2N2
18/06/2020
Geldards Chairman David Williams has been appointed Interim Chair of D2N2 LEP with immediate effect.The change in role follows the appointment of current Chair Elizabeth Fagan as the interim Marketing Strategy Director for the newly formed NHS Track and Trace.
more...

Events

All Wales Charity Virtual Conference 2020
30/06/2020
15th October - SAVE THE DATE
We are pleased to announce that our annual "All Wales Charity Governance, Law & Finance Conference will be held this year "Virtually" on Thursday 15th October.
more...

Blogs

Rent Payment Day – or is it?
24/06/2020
24 June is traditionally another quarterly payment day for the majority of retailers and commercial tenants. But with many retailers, pubs, restaurants and other operators either still being unable to trade or only trading with significantly reduced or limited trade, will they be in a position to pay?
more...

Publications

Salus – Wealth and Family Protection
11/03/2020
Salus Magazine is brought to you by the Private Client team at Geldards to help you protect your wealth and family.
more...

Content Contacts

VICE CHAIRMAN

Ed Meggitt

ED MEGGITT

Vice Chairman, Cardiff

+44 (0)29 2039 1738
email
more...

PARTNER

Ioan Owen

IOAN OWEN

Partner, Cardiff

+44 (0)29 2039 1752
email
more...

PARTNER

Liz Ganderton

LIZ GANDERTON

Partner, Cardiff

+44 (0)29 2039 1743
email
more...