Tag: commercial rent
What’s CRAR anyway? some basic understanding on Commercial Rent Arears Recovery
The temporary new measures in the current pandemic situation, and some changes are now being made to the use of Commercial Rent Arrears Recovery (CRAR) regime too. Q: What’s CRAR anyway? The CRAR regime came into force in 2014 to recover rent in relation to commercial premises. It replaced the old common law right to... Read more »
Do I still have to pay rents for my business premises?
Q: I need to close my business premises because of COVID-19, do I still have to pay the rents to my landlord? Generally yes, but you should first:- Identify what factors are contributing to the closure of your business premises. For example:- Your business is among those “non-essential business premises” according to the government’s present... Read more »