Rent arrears recovery - Landlord debt recovery

What are rent arrears?

Rent arrears occur when a tenant fails to pay their rent on time resulting in outstanding debt to the landlord. This situation can escalate if payments are not made promptly, potentially leading to legal action and further financial difficulties. Rent arrears can cause significant stress for landlords, who rely on rental income to cover their own expenses and maintain their properties.

How we can help

At Stephensons, we specialise in rent arrears recovery and landlord debt recovery. Our dedicated team employs a range of effective strategies to address and resolve rent arrears, including:

1. Professional communication: We initiate contact with tenants through formal letters, phone calls, and emails to prompt payment.
2. Negotiation and mediation: We work to negotiate payment plans or settlements that are mutually acceptable to both parties.
3. Legal action: When necessary, we pursue legal avenues such as court claims or eviction proceedings to recover the debt.
4. Debt recovery management: Our comprehensive approach includes managing the entire debt recovery process, from initial contact to final resolution.
5. Consultation and advice: We provide expert advice on how to handle and prevent future arrears, ensuring landlords are well-informed and prepared.

Why choose us?

Choosing Stephensons for your rent arrears and landlord debt recovery needs offers several key advantages:

• Expertise: Our team has extensive experience in managing and recovering rent arrears, ensuring a professional and effective approach.
• Tailored solutions: We understand that every case is unique. Our solutions are customised to fit your specific situation and requirements.
• Efficiency: We aim to resolve arrears issues quickly and efficiently, minimising disruption and financial impact.
• Transparent process: We provide clear communication and updates throughout the recovery process, so you are always informed.
• Client focused: Our commitment is to serve your best interests, with a focus on achieving the most favourable outcome for you.

Contact us

For more information about our rent arrears recovery and landlord debt recovery services, or to discuss how we can assist you, please get in touch. Feel free to reach out to us at your convenience. We are here to help you navigate the challenges of rent arrears and ensure a successful resolution. Call us on 0161 696 6170.

Fixed price rent recovery for residential landlords

Step one: instruct a trace agent and review the prospects of recovery - £250 + VAT and disbursements*

We will instruct a trace agent and report to you with advice on the merits of pursuing a claim against the of the tenant and/or guarantor given the findings of the trace agent.

Step two: prepare and send a letter before action - £300 + VAT

You will be provided with a letter before claim, relying on the relevant supporting documents which detail the chronology of the case and sets out the legal principles on which you will rely to successfully pursue a claim against the tenant and/or guarantor. We keep you appraised of the deadlines by which a response is required and next steps pending the response (or lack of) from the tenant and/or guarantor.

Step three: issue court proceedings - £750 + VAT plus disbursements*

If court proceedings are required, we will draft the claim form and particulars of claim to enable you to start your claim for rent arrears at court. This fee covers all costs up to securing judgment against the tenant and/or guarantor in the event that no defence is received.

If a defence is submitted in response to your claim, our specialists will provide you with a clear cost estimate going forwards tailored to the next steps in your case.

*Disbursements are ordinarily court fees and advocate fees (for representation at hearings). Disbursements will be agreed with you before they are incurred.