Lifting of The CV19 Restrictions - The Rent Arrears Problem
This one hour seminar will explore the limitations of CRAR, forfeiture, the recovery of rent arrears and finding strategies for both landlord and tenants to end such protections.
|14 October 2020||Virtual Seminar||£50||BOOK|
Note: All prices are to be paid in GBP and are subject to VAT at the prevailing rate
Since March 2020, landlords have had no effective remedy for the recovery of rent arrears, with forfeiture, CRAR and insolvency proceedings all put on ice. That fact, together with recognition of the seriousness of the economic issues facing the country, and Code guidance from the government, have led landlords to agree concessions of various sorts with their tenants. But all the temporary restrictions on remedies are time-limited to 30 September 2020.
Some tenants, particularly in the leisure and food
and beverage sectors, are lobbying government for further extension of the
deadline, fearful of a 1 October cliff-edge. Landlords, meanwhile, complain of tenants using the restrictions to
avoid paying even though they are able to do so. It is apparent that both landlords and
tenants need to have strategies for the ending of these protections. This one-hour seminar explores the options.
- Mark Shelton, Commercial Property Management Law Trainer, CPM Law Training Limited and Author of 'A Practical Guide to the Law of Dilapidations' and 'A Practical Guide to Applications for Landlords' Consent and Variation of Leases'
Topics covered will include:
- Will concessions leave a legacy of enforcement problems?
- Forfeiture – a free-for-all?
- Limitations of CRAR
- Obtaining payment from guarantors, former tenants or sub-tenants