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New Legislation set out by The Ministry of Justice 6th April 2014.
CRAR. Free to Landlords.
What do I need to instruct Collector (UK) to collect Commercial Rent Arrears?
- Your tenant must have a current lease.
- Your tenant must be over 7 days late with rent payment or as stated in the lease.
- Print off Taking Control of Goods form.
- Email completed form to:- admin@collectoruk.co.uk
- Upon receipt we will contact you to confirm all details on Warrant are correct.
- We will on your behalf give your tenant statutory 7 days printed notice of our intentions to enforce. Should the arrears and compliance fee not be paid within the 7 days the Enforcement Agent will attend the premises without further notice to the tenant.
- Please note, only outstanding rent arrears/Interest and your VAT can be recovered by (CRAR).
- A compliance fee of £75.00 is charged in advance, on receipt of this payment the CRAR Notice of Enforcement will be issued.
- The compliance fee will be added to outstanding arrears in the Notice of Enforcement for recovery.
Free to Landlords
Collector (UK) have over 70 year's collective experience in Commercial Rent Arrears Recovery and have amassed an in-depth understanding of the Taking Control of Goods act we get favourable results on all occasions.
The Enforcement Agent (Certificated Bailiff) will attend the premises and will have to Take Control of Goods to cover Rent Arrears and Enforcement fee's. Should there be a need to remove goods Auctioneer's fees will be added.
If the tenant is unable to pay at the time, Most Enforcement Agents at their discretion will Take Control of Goods and come to an agreement with the tenant to pay . Failure to pay within the agreement will lead to the removal of goods for sale by public auction. The tenant will be given 7 days prior notice of auction date.
This procedure called Taking Control of Goods (Formerly a walking possession) will allow the tenant time to pay. The Taking Control of Goods must be signed by the tenant to allow this further period of time. If the tenant fails to sign, the Enforcement Agent may remove goods immediately.
To operate in the industry, All Enforcement Agents collecting commercial rent arrears must hold a General Bailiffs Certificate issued by the County Court.
