OpenLegislation

Regulation 52 Minimum amount of net unpaid rent for CRAR to become exercisable

England and Wales

F1(1)

Subject to F2paragraphs (2) and (2A), the minimum amount of net unpaid rent for the purposes of section 77(3) of the Act is an amount equal to 7 days' rent.

(F3F42)

During the relevant period, the minimum amount of net unpaid rent for the purpose of section 77(3)(a) of the Act is an amount equal to—

(F5a)

457 days’ rent where the notice of enforcement is given on or before 23rd June 2021; and

(b)

554 days’ rent where the notice of enforcement is given on or after 24th June 2021.

(2A)

During the relevant period, the minimum amount of net unpaid rent for the purpose of section 77(3)(b) of the Act is an amount equal to—

(F6a)

457 days’ rent where the goods are taken control of for the first time on or before 23rd June 2021; and

(b)

554 days’ rent where the goods are taken control of for the first time on or after 24th June 2021.

(3)

In F7this regulation, “relevant period” has the same meaning as in section 82 of the Coronavirus Act 2020.

Annotations

Textual amendments

F1

Words in reg. 52 inserted (25.4.2020) by The Taking Control of Goods and Certification of Enforcement Agents (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/451), regs. 1(1), 2(6)(a) (with reg. 1(2))

F2

Words in reg. 52(1) substituted (29.9.2020) by The Taking Control of Goods (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/1002), regs. 1(1), 2(3) (with reg. 1(2))

F3

Reg. 52(2)(3) inserted (25.4.2020) by The Taking Control of Goods and Certification of Enforcement Agents (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/451), regs. 1(1), 2(6)(b) (with reg. 1(2))

F4

Reg. 52(2)(2A) substituted for reg. 52(2) (29.9.2020) by The Taking Control of Goods (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/1002), regs. 1(1), 2(4) (with reg. 1(2))

F5

Reg. 52(2)(a)(b) substituted (25.3.2021) by The Taking Control of Goods (Amendment) (Coronavirus) Regulations 2021 (S.I. 2021/300), regs. 1(1), 2(2) (with reg. 1(3))

F6

Reg. 52(2A)(a)(b) substituted (25.3.2021) by The Taking Control of Goods (Amendment) (Coronavirus) Regulations 2021 (S.I. 2021/300), regs. 1(1), 2(3) (with reg. 1(3))

F7

Words in reg. 52(3) substituted (29.9.2020) by The Taking Control of Goods (Amendment) (Coronavirus) Regulations 2020 (S.I. 2020/1002), regs. 1(1), 2(5) (with reg. 1(2))