Posts Categorized: Commercial Rent Arrears

Don’t let Commercial Rent Arrears ruin your Christmas

Don’t stress over Commercial Rent Arrears this Christmas. Our offices and specialist CRAR teams are available throughout the festive period to act on your behalf and collect monies owed. Its also important to note that we achieve 95% collection rate at the compliance stage. Absconded Tenants? Many of our clients are not aware that they are… Read more »

Commercial properties with a residential element

Commercial properties with a residential element attached created an unforeseen consequence when the Tribunal Courts & Enforcement Act 2007 (“the Act”) came into force in 2014. Prior to the commencement of the Act bailiffs (now enforcement agents) could be sent in to commercial properties and goods could be levied upon and removed to cover any… Read more »

Notices & possession proceedings – help for Landlords

Recent figures show that 49% of landlords have experienced rental arrears in the last 12 months and 36% of landlords are worried about instances in the months ahead. Penham Excel’s legal partners Wilkin Chapman has a dedicated team advising landlords on all tenancy issues including: preparing tenancy agreements, serving notices, taking court action to remove troublesome… Read more »

Final Clarification on CRAR VAT Charges

After many months the industry has been given final guidance on the application of VAT to Commercial Rent Arrears Recovery (CRAR) fees. Confirmation has now been issued by HMRC that VAT invoices for CRAR fees should not be issued to tenants. It has been confirmed that VAT should only be charged in transactions between a… Read more »

Recovering rent arrears quicker

As we go into the new rent quarter it is encouraging for our clients to note that the trend for the majority of commercial tenants to respond to our CRAR (Commercial Rent Arrears Recovery) seven day enforcement notice is continuing thus removing the need for an Enforcement Officer to physically attend commercial premises. Conversely in… Read more »

CRAR Service Charges & Insurance Debt Collections

Since the new Taking Control of Goods Regulations came into force we are aware that our clients have found it difficult to collect CRAR Service Charges and Insurance debts. We have worked tirelessly hard to come up with a solution and are now pleased to confirm that we have teamed up with leading law firm… Read more »