Property update — January 2014: commercial rent arrears (CRAR)
Another set of regulations has been laid before Parliament, in anticipation of the new commercial rent arrears recovery (CRAR) procedure coming into force on 6 April 2014.
In England and Wales, the process of seizing goods, and selling them to satisfy debts, is being modernised. The procedures that enforcement agents (who replace bailiffs) will have to follow are going to be much more heavily prescribed.
The fees and disbursements that enforcement agents will be able to recover from debtors have been set out in this latest set of regulations…
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