Allowing a tenant to continue to trade and halt from taking action is a big mistake. Quite often tenants will make excuse after excuse about none payment of rent. This is normally due to a relaxed approach by the landlord when demanding the monies owed.
Reports show that overall rent arrears in the UK cost landlords and estimated £900 million each year. This can often be caused by the landlord not carrying out the relevant checks to perhaps see a past credit issue or forfeiture of lease.
So what steps can you take in order to reclaiming your money and property. Well to act fast is simply a must, usually tenants who avoid rent payments often have motives to never pay unless action is taken. Commercial rent arrears recovery processes can be followed but to gain full control of your property and place a new tenant who will stick to the lease agreement is to follow a forfeiture by peaceful entry.
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