Landlord Service Revert Assistance

1
Landlord Services

• http//www.burlingtongroup.net/

2
Commercial Rent Areas Recovery

• Introduction
• In the current uncertain economic climate, it is
  hardly surprising that landlords of commercial
  premises increasingly find themselves faced with
  defaulting tenants.

3

• Faced with a tenant in arrears, a landlord has a
  number of options it can pursue to recover the
  money. In broad terms, a landlord may
• Exercise the right of distress against the
  tenants goods,
• Issue court proceedings for the amount
  outstanding,
• Forfeit the lease.

4

• A landlord can issue a debt claim for unpaid sums
  due under the lease. Such a claim will usually be
  pursued in the county court. A debt claim can be
  pursued whilst the lease is continuing, but may
  also be claimed 
• As part of proceedings to forfeit the lease
• Or after the lease is forfeit.

5
A landlord needs to think carefully before
issuing a claim. A tenant that is defaulting on
payments under its lease is likely to have cash
shortages and may have few (if any) valuable
assets against which any judgment obtained can
eventually be enforced.
6
A landlord should make enquiries as to any assets
that its tenant owns when debt proceedings are
contemplated.
7
Distress for rent is an ancient common law remedy
which allows landlords to recover arrears of rent
by seizing goods and selling them to cover the
arrears, without giving notice or obtaining
permission from the court.
8
(No Transcript)
9
If you Require any further Information about the
issues and for the fastest Service Kindly go
through our website Burlington group for More
Details
10
Contact Us Burlington group Services,
Head Office 227-228 Strand London
WC2R 1BE Tel [phone] Website
http//burlingtongroup.net/