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Will tomorrow ever come?????
At some time or another, most of us would have lent someone something and never got it back. Whether that be ten pounds or a 1980 Empire Strikes Back annual (if this rings any bells, just know that I still expect this back!) is not important it’s the fact that you have trusted someone who has let you down. Next week, I will definitely have it next week is repeated week in and week out until eventually the words no longer need to be spoken during each meeting between the lender and perpetual promise-breaker.
The fact that you may have loaned someone fifteen pounds for a round of drinks and never had it returned may be irksome but it is unlikely to give you many sleepless nights. But imagine if that fifteen pounds was in fact three thousand pounds, five thousand pounds or even thirty thousand pounds! Well, this has to be a completely different matter surely? I am sure that a lot of people reading this are of the opinion that, firstly, they would never lend anyone this level of money, and two, if they did they certainly wouldn’t let them get away with paying it back! Very sensible.
Unfortunately, in reality, whether it is intentional or not, this is exactly what landlords of residential properties let under assured shorthold tenancies are doing when they allow their tenants to fall into substantial rent arrears. The fact that landlords seem to be willing to jeopardise their own financial position by allowing this to happen when the section 8 process is so simple and, at £850 plus VAT and court fees Shergroup Legal to deal with, still baffles me. I think my fees for dealing with this process for you are great value for money but of course, there is a couple of landlords I have spoken to who have said that they will have to think about it because of the costs. I understand that of course, but when the rent is £1,500 a month and the tenant is 3 months in arrears not instructing me and getting this process underway as soon as possible just makes no sense to me. I guess the alternative is that the landlord simply waits for the tenant to suddenly decide to pay the six months rent arrears, I think that this is highly unlikely, but for those of you that do feel this is the best option…I hope that tomorrow comes sooner rather than later.
If you wish to discuss rent arrears and instructing us to deal with a section 8 process for you please do not hesitate to get in touch.
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Last updated | 19 July 2023
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