Rent recovery typically means the chasing down of late rental payments, rather than the collection of rent that is due. Overdue rental payments can cause serious cash flow problems, and if a tenant has hit serious financial problems or is refusing to pay at all, this can have a serious impact on your property portfolio business.
Instructing a rental recovery solicitor to act on your behalf, usually means that they will initially contact the tenant to demand payment, outlining the potential hazards associated with failed payment. In some cases, this will prove enough, but your solicitor can also continue to pursue the matter further, even taking court action against non-payers. The recovery of rent without going to court is the preferred solution in most cases, but if court action is required, then you need to ensure that you have suitable and experienced legal representation working on your behalf.
Sometimes, rental recovery may require little more than a single letter from your solicitor to your tenant. A legal letter may be enough to spur a person into making the necessary payment, or at least agreeing a date to make the payment. This may also be enough to help ensure that they make future payments on time every time as well. However, rental recovery can be more complex in some instances.
Where a tenant has moved away to a new property, or they are simply refusing to make payment at all, it may be necessary to take further action. This action can involve sending rental recovery agents to a property, determining the new address of your former tenants, or even proceeding to take the matter to court in a bid to recover every penny that is owed. In all of these cases, it is your rental recovery solicitor that will ensure that you enjoy the best results.
Business solicitors and landlords’ solicitors can assist in many aspects of leasing property. They can ensure that properties meet legal requirements, that contracts are professionally drawn up, and they can assist in the recovery of late rental fees and other revenues to keep your business solvent.
What To Do Now?
No matter what your legal problem or at what stage it is, there is never a better time to call Haworth & Lees Solicitors than right now.
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Haworth & Lees Solicitors are a well established and highly respected firm of Solicitors in Tameside and Cheshire and offer that personal and local service that is always appreciated by our clients.
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