Commercial Evictions.

 

Commercial Rent Arrears and Lease Forfeiture.

If you are looking to collect your outstanding rent and / or legally forfeit the lease and get your property back as quickly and as simply as possible then contact The London Bailiffs commercial property team who can alleviate the pressure on you , and avoid elevated costs.

Most common reasons to repossess your property under forfeiture are:

  • Failure to pay rent (otherwise known as rent arrears).
  • Damage to your property.
  • Causing a nuisance or breaching any other aspects of the lease agreement.

 

Commercial rent arrears recovery (CRAR).

No court  order is required and this allows the Enforcement Agent to "Take Control of Goods" belonging to the Tenant for sale by way of auction. CRAR cannot be used on premises that have accommodation as part of the lease.

 

Under the new rules:

  • Only oustanding rent can be recovered not utilities, service charge or insurance.
  • There must be a current written lease.
  • Rent must be at least 7 days overdue.
  • 7 days notice of the intention to use CRAR must be "served" on the Tenant (excluding Sundays and Bank Holidays.

Forfeiture of Commercial lease.

There is no need for a Court Order, but you must have a current lease containg a forfeiture clause in respect of any breach of the agreement.

 

Reasons to Forfeit the lease:

  • Failure to pay rent (otherwise known as rent arrears).
  • Damage to your property.
  • Causing a nuisance or breaching any other aspects of the lease agreement.

 

Commercial Evictions

The London Bailiffs

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