Since the introduction of CRAR in 2014 we are regularly instructed by Commercial Landlords and managing agents to recover outstanding rent arrears, providing the rent is more the 7 days outstanding and the tenant has goods of value worth more then the outstanding amount that is owed, then CRAR is a quick effective solution to recovering the outstanding rent arrears.
CRAR is effective only if
- The rent is more than 7 days in arrears
- The property is solely used for commercial reasons
- The tenant is still trading at the address
- There are goods worth more than the value of the outstanding rent arrears