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RECOVERING ARREARS OWNED BY TENANTS - A GUIDE
Step 1 - Preliminary considerations
Before taking any action to recover arrears, landlords
should consider the following issues:
| Would there be any advantage in forfeiting
the lease? |
>>more>> |
| Is the debtor in any form of
insolvency and, if so, what implications does this have
for the methods of recovery available? |
(If so, see our Guide to Tenant Insolvency) >>more>>
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| Is it worth trying to do a deal with the
tenant, e.g. a surrender or variation of the lease, payment
by instalments, or a forbearance agreement? |
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Step 2 - Consider the methods of recovery available
Please click on the above links for further information.
Step 3 - Select the appropriate method of recovery
A landlord should consider the circumstances of its case and
its overall objectives - see attached briefing note on ideas
for tactical thinking in the case of arrears owed under commercial
leases. >>more>>
For further information or advice please contact propertylitigation@charlesrussell.co.uk
These notes represent only an outline summary
of relevant principles and detailed advice should always be
sought in particular cases.
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