Commercial Rent Arrears Recovery (CRAR): A Vital Solution for Landlords
As a Commercial landlord, one of the biggest challenges you may face is dealing with rent arrears. Late or unpaid rent can significantly impact your cash flow and disrupt your business operations. However, there is a solution that can help you recover the outstanding rent and minimise financial losses, which is completely free to you as the landlord – Commercial Rent Arrears Recovery (CRAR).
In this blog, we will explore the concept of CRAR and highlight a free service available to landlords to assist them in this process.
Understanding Commercial Rent Arrears Recovery (CRAR):
CRAR is a legal process that allows commercial landlords to recover unpaid rent from tenants. It provides a structured and lawful approach to collecting outstanding rent, ensuring that both parties are treated fairly and within the boundaries of the law. Under CRAR, landlords can instruct a Certificated Enforcement Agent to take control of the tenant’s goods and sell them to recover the rent owed.
The Benefits of CRAR:
1. Legal Protection: CRAR provides landlords with a legal framework to recover rent arrears, ensuring compliance with relevant regulations and protecting their rights as property owners.
2. Cost-Effective: Unlike traditional legal proceedings, CRAR is a Free of Charge method of rent recovery. It eliminates the need for lengthy court battles and associated legal fees, saving landlords time and money.
3. Maintains Tenant Relationship: CRAR allows landlords to maintain a working relationship with their tenants. By following the prescribed process, landlords can recover rent without resorting to eviction, preserving the tenant-landlord relationship.
How does CRAR work?
1. Initial Consultation: Landlords can schedule a free consultation with the West Country Bailiffs team to discuss their specific situation and understand the viability of using CRAR for rent recovery.
2. Documentation and Notices: The team will assist landlords in preparing the necessary documentation, including the CRAR notice, to be served to the tenant.
3. Rent Collection: Once the CRAR notice has expired West Country Bailiffs will attend the commercial premise to either collect the outstanding rent arrears or take control (seize) goods, ensuring compliance with legal requirements and maximizing the chances of successful recovery.
4. Support and Advice: Throughout the entire CRAR process, landlords can rely on the expertise of the West Country Bailiffs team for ongoing support, advice, and guidance.
Conclusion:
Commercial Rent Arrears Recovery (CRAR) offers landlords an effective and legal solution to recover outstanding rent from tenants. With the added support of a free service provided by West Country bailiffs, landlords can navigate the CRAR process with ease, ensuring a smooth rent recovery experience. Don’t let rent arrears disrupt your business – take advantage of CRAR and the assistance available to landlords to protect your financial interests and maintain a healthy tenant-landlord relationship. Contact us today for me information on 01803 895441 or by email to enforcement@westcountrybailiffs.co.uk.
We cover all areas of the South West including Penzance, Truro, Newquay, Bodmin, St Austell, Plymouth, Torquay, Exeter, Honiton, Tiverton, Barnstaple, Taunton, Bridgwater, Weston-Super-Mare, Dorchester, Weymouth and Bristol
