Issue
The landlord of a leisure development with several tenants had three of the tenants in substantial rent arrears. The landlord had different concerns for each unit, some were easier to let than others and one, in particular, would have been difficult to find a tenant for.
How we helped
We were able to advise the landlord on the various methods of approaching a defaulting tenant. This included the use of Commercial Rent Arrears Recovery (CRAR), Alternative Dispute Resolution (ADR) and the ultimate sanction, forfeiting the lease and recovering possession. The advice was provided through a collaboration of our property and property litigation lawyers supported by our specialist debt recovery team.
The result
The landlord recovered possession of one of the units and was able to reach satisfactory arrangements with the other two tenants to benefit the landlord’s business.
For more information or advice on rent recovery, please contact Daniel Harley or Ros Keen.
Posted on June 5, 2018