Commercial Rent Arrears Recovery changes
Statutory right. Commercial Rent Arrears Recovery (CRAR) came into force in AprilĀ 2014. It is a statutory procedure which allows landlords of commercial premises to recover rent arrears by entering premises, taking control of the tenantās goods and then selling them. CRAR applies to a commercial tenancy regardless of whether any reference is made to it in the agreed lease.
More time added. On 29Ā SeptemberĀ 2020 , because of the pandemic, the minimum amount of net unpaid rent required before a commercial landlord can exercise its CRAR rights in England and Wales was increased to an amount equal to 276Ā daysā rent. On 25Ā DecemberĀ 2020 this will further increase to 366Ā daysā rent. Ordinarily, only seven daysā rent arrears is required. A landlord cannot exercise CRAR rights where the commercially rented premises are unoccupied but a tenant is still liable to pay rent where the landlord closes the building.