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Commercial Rent Arrears Recovery (CAR) Form 1/5 IMPORTANT: before completing this form please read the following: Have the Rent Arrears information and any other relevant documents ready to hand At
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How to fill out crar commercial rent arrears

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How to fill out crar commercial rent arrears

01
Gather all relevant documents such as the lease agreement and any correspondence related to the commercial rent arrears.
02
Review the lease agreement to understand the rights and obligations of both the landlord and the tenant in case of rent arrears.
03
Calculate the total amount of rent arrears owed by the tenant, including any interest or late fees specified in the lease agreement.
04
Send a written notice to the tenant informing them of the rent arrears and giving them a reasonable time to pay the outstanding amount.
05
If the tenant fails to pay within the specified timeframe, obtain a CRAR (Commercial Rent Arrears Recovery) notice from a certified enforcement agent.
06
Provide the enforcement agent with all necessary information about the tenant and the premises.
07
The enforcement agent will then seize the tenant's goods and sell them at a public auction to recover the rent arrears.
08
Keep a record of all actions taken and communications made throughout the process.
09
If the rent arrears are fully recovered, notify the tenant and release any remaining goods seized during the process.
10
In case of partial recovery or non-recovery, consider other legal options available for recovering the remaining debt.

Who needs crar commercial rent arrears?

01
Landlords who have commercial tenants that are in arrears and have not responded to other attempts of collection.
02
Commercial property owners who want to recover rent arrears legally and efficiently.
03
Certified enforcement agents who specialize in CRAR and want to assist landlords in recovering commercial rent arrears.
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CRAR stands for Commercial Rent Arrears Recovery, a legal procedure that allows landlords to recover unpaid rent from commercial tenants.
Landlords of commercial properties who wish to recover rent arrears using the CRAR process are required to file.
To fill out CRAR documentation, landlords should provide details of the lease, the amount of rent owed, and any relevant correspondence with the tenant regarding the arrears.
The purpose of CRAR is to give landlords a straightforward legal process to reclaim rent arrears without needing to go through court.
Information required includes the tenant's details, the amount of rent due, the lease agreement, and any previous notices sent regarding the arrears.
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