It makes sense to have any business partnership formalised in writing professionally to keep everyone happy and to set the ground rules of the business. The following case shows what happens if you don’t.
A new remedy became available to Landlords of Commercial Leases on the 6th April 2014 who were seeking to recover rent arrears. The remedy is known as ‘Commercial Rent Arrears Recovery’ (CRAR) and replaced the previous system of ‘distress’ with a more restrictive, court-based approach to rent recovery.
From 6th April 2014, new regulations will take effect dramatically reforming the law bailiffs in the UK currently operate under. The reforms are part of a Government strategy to deliver protection against unsound bailiff tactics whilst ensuring that debt can still be collected efficiently and effectively.