Engage Our Expertise
Although established by the 2007 Act, CRAR regulations were not implemented until 2014, revolutionising the enforcement industry by replacing the old Common Law practice of distraint or distress for rent with CRAR. Our team at Equilibrium Debt Recovery is well-versed in these regulations, offering landlords a direct path to reclaim rent from tenants without court intervention, as specified under section 72 schedule 12 for taking control of goods.
Our enforcement agents are fully certified and deeply understand the Taking Control of Goods Regulations 2013. We prioritize a sensitive, professional, and discreet handling of each case, ensuring that the landlord-tenant relationship remains intact post-recovery. At Equilibrium Debt Recovery, we uphold the highest standards of service, adeptly managing any owed commercial rent on behalf of our clients.
CRAR Collection and Enforcement Process
Our process unfolds through three key stages: compliance, enforcement, and sale.
Compliance and Enforcement: Initially, landlords incur no charges during the compliance stage, with tenants facing a fee of £75 + VAT. If tenants resolve their arrears within 7 days through full payment or a payment plan, the process does not advance. Failure to do so leads to the enforcement stage, where our certified agents aim to collect the full balance, take control of goods, or establish a payment agreement.
Sale Stage: This stage is activated if tenants fail to arrange or refuse to settle their debt, allowing landlords to instruct us to remove or sell goods to recover the outstanding arrears.
How We Recover Commercial Rent Arrears
Equilibrium Debt Recovery uses a blend of pre-legal debt recovery strategies to collect commercial rent efficiently. Our enforcement agents, fully certified and knowledgeable in the Taking Control of Goods Regulations 2013, offer a discreet and professional service, essential for preserving ongoing landlord-tenant relationships. We are equipped to handle various rent arrears situations, acting promptly under current legislation to secure a swift and effective recovery.
