Our properties recoveries team collects all types of property related debt including leasehold recoveries, service charges, major works debt, commercial rent arrears insurance premiums and ground rent.
Who does our Property Recovery Team represent?
- Property Management Companies
- Local Authorities
- Housing Associations
With our number of joint ventures with property management organisations and enforcement agents, we aim to provide legal solutions when standard enforcement is unsuccessful.
We also operate specialist schemes for Residential Leasehold recoveries and Commercial Rent Arrears Recovery (“CRAR”), which reforms limited distress as an enforcement remedy.
Residential Leasehold Recoveries
We have developed a genuine “no recovery-no fee” scheme for landlords to recover debt incurred with residential leasehold property such as service charges, major works and ground rent.
Our steps to settle the debt:
- Correspond with leaseholders and lenders to try and persuade them to settle the debt.
- If this fails, we issue court proceedings.
- If court proceedings are unsuccessful, we seek a judgement which we can use as a determination to allow service of a section 146 notice upon the leaseholder.
In rare instances, we commence forfeiture proceedings to recover your debt. In most cases the procedure will recover payment from the tenant or their lender.
We have developed a “no recovery-no fee” scheme for the recovery of sums due under a lease where distress is not an option or has proved unsuccessful.
The Lease will provide that the landlord may recover reasonable costs from the tenant in respect of steps taken by the landlord to recover monies due under the Lease. Accordingly, we are able to provide a “no recovery - no fee” service to landlords on the basis that the costs will be recovered from the tenant.