Commercial Rent Arrears Recovery (CRAR) - March 5th, 2014 by Berni

A new feature has been made available to all users who manage commercial properties to cater for the recent implementation of Commercial Rent Arrears Recovery regulations (CRAR). The new feature allows users further flexibility when chasing arrears, allowing them to choose to continue to send reminder letters to the tenants if they wish, as well as allowing them to generate a report to send to enforcement agents, detailing the charges due to be recovered under the CRAR regulations.

The system will automate the process as much as possible by selecting the tenants for whom CRAR applies and selecting the charges which can be recovered via CRAR whilst still allowing the user to check and override these defaults if necessary.