CRAR Is On Its Way
Over the years since the Tribunals Courts and Enforcement Act 2007 received Royal Assent, we have been constantly asked when Commercial Rent Arrears Recovery ("CRAR") will replace the landlord self-help remedy of distress.
We have of course written, in tandem with Peter Mooney, senior partner of the County Bailiff Company, the leading text book on this subject in partnership with The Law Society.
The breaking news is that the legislation required in order for Parliament to commence the bringing into force of CRAR (whether in its current form or as ultimately amended) was passed on 15 July.
We must now watch this space in order to establish exactly when CRAR will arrive and in what form. However, whatever...
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