A tenant’s failure to make payment of rent can quickly and seriously affect your investment. Whilst often sensible discussions with your tenant can resolve the issue, there are times when action is required to recover the sums due under the Lease, or ultimately to recover possession of the property in order to re-let it to a paying tenant. A range of options are available to a landlord to include:
1. Distraining against tenants goods. This allows a landlord to instruct certificated bailiffs to attend the property to seize the tenant’s goods to secure payment. The rules relating to distress must be carefully followed to ensure that the landlord does not face a claim for unlawfully interefering with the tenant’s possessions.
2. Service of a statutory demand, a precursor to insolvency proceedings.
3. Issue of county court proceedings.
4. Forfeiture
A landlord may also consider a claim against third parties, which is particularly useful where the current tenant can not be found or is insolvent.
The solicitors at SA Law will advise on tactical advantages of proceeding with 1 or more of the above options and provide prompt and efficient service to maximise your chances of recovering outstanding arrears.
Contact Us
For further information about our commercial rent arrears recovery scheme or to discuss a particular matter or situation in more detail, please contact the Head of Property Litigation and Partner of SA Law; Lynsey Newman on 01727 798096 or by email at lynsey.newman@salaw.com.