Lettings Management for Large-scale Portfolios
Time is money. This is true of landlord and tenant law as well. If a tenant ceases to meet his obligations under the tenancy agreement, or doesn’t meet them in full, the greatest of speed is necessary – practically without exception. The rental of floor space (irrespective of whether it is for commercial or residential purposes) is of profound and fundamental importance to every tenant. If a tenant is no longer meeting his payment obligations, this often means that he has serious economic problems and considerable debts – towards third parties as well. In addition to the risk of insolvency (and, for example, the accompanying risks of statutory suspensions of termination along with challenges to the insolvency by creditors), the risk of the tenant going completely bankrupt is so great that he just gives up. So, it is important to act quickly both in the area of legal declarations of intent (e.g. notices of termination) and in the area of litigation (e.g. taking legal action). Not infrequently, the position of the landlord is carelessly made worse, for example, by procedures for issuing reminders which are legally unnecessary.
With regard to large, nationwide portfolios as well, we have the experience and the personnel to support you in all matters of claims management and litigation. In the interests of acting with the greatest possible speed, it is indispensable for us to optimise procedures for issuing reminders, for debt recovery proceedings in court, for the commencement of legal action and the subsequent compulsory enforcement of the court’s decision. This is the key to the kind of effectiveness in terms of time and money which you are looking for.
In many cases we can deal with these aspects of claims management, litigation and compulsory enforcement on the basis of the statutory fees for these services.