It has been confirmed that distress will be abolished and replaced with a statutory procedure for the collection of commercial rent arrears.
Royal assent has been given to the Tribunal Courts and Enforcement Bill and the Act will come into force at a later date, yet to be announced. Regulations dealing with the commencement date and the minimum level of rent capable of collection etc are awaited.
We will update you as soon as the regulations are published.
This article was written for Law-Now, CMS Cameron McKenna's free online information service. To register for Law-Now, please go to www.law-now.com/law-now/mondaq
Law-Now information is for general purposes and guidance only. The information and opinions expressed in all Law-Now articles are not necessarily comprehensive and do not purport to give professional or legal advice. All Law-Now information relates to circumstances prevailing at the date of its original publication and may not have been updated to reflect subsequent developments.
The original publication date for this article was 27/07/2007.
