Collection of Rent Arrears
England and Wales:
A) Small Claim Summons
We arrange the preparation and drafting of a small claims summons. This strategy can be suitable for debts up to £10,000.
B) Attachment Of Earnings
For Client's that have utilised our Tenant Tracing service or where the location of the tenant’s employer is known it may be appropriate to invoke an attachment of earnings application.
Particularly where a judgment has been obtained its recovery is often possible via this method whereby the tenant’s employer deducts the debt direct from their salary.
C) Third Party Debt Order
A third party debt order is an order to a third party who owes money to the defendant to pay it to the Claimant instead. Most orders are aimed at the defendant’s bank account. In certain circumstances this can be a suitable method of reclaiming debts from defaulting tenants.
D) Charging Order
Where the tenant and/or any guarantor is the legal owner of a property, and we have obtained a money judgment from the County Court, we can arrange for the application to be made on your behalf, to obtain a charging order on the property. This means the property cannot be sold or remortgaged without the debt being attended to.
E) Bailiffs Execution Of Goods
Landlord Assist can organise instruction for the county court bailiffs to attend the debtor's address and attempt to seize the debtors goods set against the money order obtained against the tenant.
Alternatively the debt can be transferred to the High Court to allow collection via a High Court Enforcement Officer. Such enforcement Officers collection rates are monitored by the Ministry of Justice and the national average collection rate is 67p in the pound. There is a £60 plus VAT abort fee in the event that the debt cannot be collected.