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Recovering your rent
Section 72, schedule 12 (Taking Control of Goods) of the Tribunals, Courts and Enforcement Act 2007, allows a landlord of a commercial property to recover pure rent payable as per the terms of the lease from the tenant, without the requirement of court action.
Fully certified
Our enforcement officers are knowledgeable and fully trained to be able to collect pure rent and undertake enforcement of the new rules and regulations of Commercial Rent Arrears Recovery. We deal with many types of debt including personal debts, commercial debts, outstanding residential rent and outstanding commercial rent. We deal with the entire debt recovery process in house, from tracing to enforcement. As no work is outsourced, we can keep our costs low.
Get the rent you’re owed.
A flexible rent recovery service
Our process is completely flexible so you, as the client, are able to choose how far you wish to progress with the recovery of your outstanding debt. Our dedicated staff members are on hand to offer advice and support on the most appropriate way to proceed forward with the recovery of your outstanding debt. We will ensure you are kept updated throughout the process.
For more information, please contact the team.
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The stages of commercial rent arrears recovery
Compliance:
On receiving your instructions, we ensure that we act immediately to avoid any delay in the recovery of your outstanding commercial rent.
In line with relevant regulations, we issue a compliance letter to your tenant, advising them that they have 7 days to make payment of the full outstanding commercial rent along with the compliance fee in the sum of £75.00 plus VAT.
Should the tenant respond to the compliance letter to make payment or enter into a repayment or settlement agreement, we are able to discuss this with you and arrange for payment of the same. Should the tenant fail to respond to the compliance letter, the recovery process moves to the next stage.
Enforcement:
Following the Compliance stage, should the tenant fail to make payment of the full outstanding commercial rent and the compliance fee of £75.00 plus VAT, the matter will move to the Enforcement stage. This permits one of our certified enforcement agents to attend the premises to recover the outstanding commercial rent and fees falling due as per the regulations.
When the enforcement agent attends the premises, they will review the situation and attempt to recover the full outstanding rent from the tenant in a professional and discreet manner. Should the tenant be unable to make payment of the full outstanding rent they will attempt to enter into a repayment agreement with the tenant or take control of goods as per regulations.
Sale:
This final stage of the commercial rent collection process is the sale of the goods recovered from the tenant and held under the Controlled Goods Agreement taken by the enforcement agent at the Enforcement Stage. This stage is enforceable when the tenant fails to make repayment of the commercial rent and fees due, or the tenant defaults on a repayment agreement entered into, and the goods held on site are due to be of sufficient value to cover the rent and fees due.
The tenant is provided with a Notice of Intention to re-enter the premises. The tenant is allowed 48 hours to make payment of the outstanding rent and fees or, at the Landlord’s instructions, the goods of the tenant are removed and sold at auction.
The sale proceeds from the auction go towards payment of the auctioneer’s fees, removal fees, enforcement fees and the outstanding commercial rent due
GET IN TOUCH
If you require further information about the process of commercial rent recovery, or how 24 Hour Bailiffs Ltd can help, contact our UK office.
Call us: 01227 750966