Pictured above: John French
An increasing number of tenants are struggling to pay their rent
and a leading Midlands law firm has warned landlords the
consequences of handling the situation incorrectly could be
severe.
According to the Association of Residential Lettings Agents
(ARLA) of 554 lettings agents surveyed 40 per cent of landlords had
experienced a rise in the number of tenants struggling to pay rent
during the previous six months.
Now Coventry solicitors Band Hatton, based in Station Square,
has warned the procedure for recovering rent arrears or evicting
non-paying tenants from property is a highly complex area of law
which can result in hefty fines and even imprisonment for landlords
who do not follow the correct procedures.
John French, solicitor at Band Hatton which has been providing
legal expertise since 1896 and acts for a significant number of
letting agents and private landlords, said: "In the current
economic climate it is likely there will continue to be an
increasing number of tenants who struggle to make their rent
payments.
"Landlords should move to protect themselves and their financial
interests by seeking professional legal advice before any real
problems occur.
"Help can be given with procedures such as preparing and issuing
statutory notices, applying for possession orders, issuing
proceedings for recovery of rent and drafting or reviewing tenancy
agreements.
"Failure to comply fully with this heavily regulated area of law
can have huge personal and financial consequences - so my advice
would be to seek advice before it is too late."
Residential property landlords can get more information on this
area of law by calling John French at Band Hatton on 02476 493114
to arrange a no-obligation consultation.