CRAR
Commercial Rent Arrears Recovery
The CRAR regulations were introduced in 2014 and replaced the old Distress for Rent remedy and applies to commercial property only.
Once you instruct us, we will issue the tenant with a Notice of Enforcement (NOE) giving them the opportunity to pay the debt in full within 7 clear days. If the tenant fails to pay during this period, then we will instruct one of our highly experienced Enforcement Agents to make an attendance.
When our Enforcement Agents make the first attendance, if the tenant fails to pay in full, our Agent will assess the value of the goods and take an inventory called a Controlled Good Agreement (CGA) under the Taking Control of Goods Regulations 2013.
Under the regulations, once a CGA has been signed the goods effectively become “bound” to us and cannot be disposed of by the tenant; to do so is a criminal offence which may result in a fine or imprisonment, or both.
In the event the tenant cannot pay, our Enforcement Agent and will firstly attempt to secure a substantial part payment with the balance to be paid thereafter. Should no payment or subsequent payments not be made then our Enforcement Agent has the authority to remove goods for sale.
We will always seek your instructions before accepting a payment plan or removing goods for sale.
All our fees are added to the debt and are recoverable from the tenant, meaning you have nothing to pay.
Download our form and email it to us on info@bpsenforcement.com
To instruct us, please get in touch