Tackling tenants who can’t or won’t pay their rent is a possibility every landlord dreads but if managed properly the risk and losses can be minimised.
Many of our clients have taken advantage of our guaranteed rent package, which includes all legal cover in the event of the tenant defaulting.
It is vitally important to keep the lines of communication open, that way most issues can be resolved amicably. There can be several reasons for non-payment and sometimes they are understandable. If conversations with tenants don’t resolve the issue, then it could be that notice needs to be served.
Every situation must be handled delicately and any required action must consider the complexities of the law and the advice from your legal adviser or regulated agent should be followed.
Take a look at our landlords’ pages for more information on our fully managed range of services, including guaranteed rent or contact your local office http://www.milesandbarr.co.uk/contact-us