Commercial Rent Arrears Disputes

What are commercial rent arrears?

If a commercial tenant fails to make payment of rent in accordance with the terms of the lease, then the tenant will be in arrears. The debt owed is referred to as “rent arrears”. This can be the case whether the whole amount is not paid, or whether the payment is short of what is required under the lease.

A commercial landlord will have various options to enforce the terms of the lease against a tenant. This could include forfeiting the lease, taking goods (commercial rent arrears recovery – “CRAR”), debt proceedings, or recovering the arrears from an existing guarantor.

Specialist commercial rent solicitors

It is important to take specialist legal advice as soon as practicable if you have fallen into rent arrears, or if your commercial tenant has failed to make payment of the rent. The options for enforcement can be lost if the correct action is not taken at the appropriate time.

Our specialist team can assist in guiding you through your options as either a commercial landlord or tenant. Get in touch with a specialist member of the team for advice and guidance on commercial rent arrears.