The team at Commercial Domestic Investigations recently learned about changes to the law surrounding bailiffs which may mean that some commercial landlords and other business owners may be left with nothing to collect when they take court action against a debtor.
Bailiffs are now known as an enforcement agents, and it’s not just the name which has changed, it’s also some of the practices and the laws surrounded taking possession of goods and property.
The British Property Federation (BPF) has raised issues with the Ministry of Justice regards the revised law surrounding the commercial rent recovery (CRAR) regime. Late paying commercial tenants are now given seven clear days to clear a debt before an enforcement agent (bailiff), can enter a property to remove items of value.
Landlords are up in arms about the ‘seven clear days’ law change and believe that tenants are using this as a period of ‘free rent’, and also using the time to remove valuables from commercial property. This is very worrying for smaller landlords who may face cash flow and debt issues themselves due to this new ‘seven day’ ruling.
Inventory not taken
Other changes to the law include that bailiffs being no longer required to take a levy or inventory of goods on a property when they serve the initial notice. Landlords are calling for the inventory to be reintroduced to protect their investment.
The expert debt collection team at Commercial Domestic Investigations would always advise that every avenue of collection is undertaken before involving the courts or enforcement agents in debt collection. Court action should be seen as the last resort, and not taken without expert debt collection advice.
If you think your business could benefit from our services please contact Commercial Domestic Investigations for an impartial and friendly chat about your needs. To keep up with the latest debt collection news remember to follow Commercial Domestic Investigations on Twitter.
About Commercial Domestic Investigations
Commercial Domestic Investigations are regarded within the debt collection and credit control industry as one of the best credit management companies in the UK. Established in 1988 to support and service all sizes of companies in the field of Credit Management.
Primarily our clients use our automated Debt Collection Services, but over the last eighteen years clients requirements have changed dramatically, something Commercial Domestic Investigations has addressed.
We now boast a national client base in excess of 30,000 companies. Commercial Domestic Investigations has grown by listening to clients’ requirements and adapting our services to meet all companies’ needs from Sole Traders, SMES, Ltd and Plus. Please contact us on 08444 159200 for more information.