What would you do if your tenant suddenly stopped paying the rent? This is the number one concern for landlords! Especially if you have a mortgage to pay and other expenses such as insurance and maybe utilities depending on the terms of the Tenancy Agreement. Just because your tenant is not paying doesn’t mean that […]
What would you do if your tenant suddenly stopped paying the rent? This is the number one concern for landlords! Especially if you have a mortgage to pay and other expenses such as insurance and maybe utilities depending on the terms of the Tenancy Agreement.
Just because your tenant is not paying doesn’t mean that they will let you off.
You need to have a back-up plan in place and act on it quickly.
We always recommend having at least 2 – 3 months rent available to cover things such as rent arrears and maintenance issues.
Step One – The best way of dealing with rent arrears?
Step Two – Your tenant ignores all contact?
Step Three – Claim for Order of Possession
Step Four – Possession
If you have a Rent Guarantee and Legal Protection insurance policy, steps 2 – 4 be done for you and the rent will be paid every month. You will not have to find extra money to pay legal fees.
Should your question still not be answered, please do not hesitate to contact us.
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