There are a number of enforcement routes which a commercial landlord may take to recovery arrears of rent from a tenant. These include: forfeiture, issuing debt recovery proceedings, issuing statutory demands for payment and applying for winding up of the tenant company. The landlord may also issue under the statutory regime ‘Commercial Rent Arrears Recovery’, known as “CRAR”. Which method the landlord should use will depend upon the individual circumstances of each case such as covenant strength of the existing tenant and strength of the market in that particular area, etc.
How we can help:
- Providing timely, strategic advice as to the best possible method of recovery and addressing any matters with guarantors and former tenants.
- Service of any required contractual notices and statutory notices.
- Preparing and serving a statutory demand and winding up petition and effectively managing all ancillary matters such as advertising.
- Issuing and defending debt recovery proceedings.