CRAR Inventory of Goods for Single Owner
This CRAR Inventory of Goods for Single Owner can be used in connection with the Commercial Rent Arrears Recovery procedure that is effective from 6 April 2014.
CRAR replaces the old remedy of distress, which allowed landlords to seize and sell property belonging to a tenant who had rent arrears. The new regime is more limited in scope and sets out a prescribed enforcement procedure.
Landlords and enforcement agents should note that temporary changes have been made to the CRAR regime in response to the Covid-19 pandemic. The procedure may only be used where there are at least 544 days' worth of rent arrears. These provisions apply until 25 March 2022.
If an enforcement agent has entered the tenant’s premises and taken control of goods he must give the tenant an Inventory of those goods as soon as reasonably practicable.
If any of the goods are owned jointly by the tenant and another person, the enforcement agent must give the tenant separate inventories of goods owned by the debtor and each co-owner as well as an inventory of any goods in the tenant’s sole ownership. The enforcement agent must also give a copy of each inventory to the relevant joint owner, together with a copy of the Notice of Entering. If there are any jointly owned goods please see our CRAR Inventory of Goods for Joint Owners.
This CRAR Inventory of Goods for Single Owner is in the form required by the Taking Control of Goods Regulations 2013. The blanks in the form should be completed with the appropriate information. No paragraphs should be deleted as this may invalidate the Inventory.
In paragraphs 1-3 details of the Property, Lease and Landlord need to be inserted.
In paragraph 5 the amount of the debt must be stated.
In paragraph 8 the enforcement agent must insert a list of the controlled goods, including a detailed description of each item to enable the goods to be identified.
This CRAR Inventory of Goods for Single Owner is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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