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What to do if your commercial tenant stops paying the rent
if you are a commercial landlord and your tenant stops paying the rent, there are a number of options available to you. The best option will depend on the circumstances of your individual case. Before you act, you should think carefully about what you want to achieve as some of the options may have serious long-term consequences for yor tenant. It's worth carrying out a cost benefit analysis of the available options.
We have extensive experience in commercial lease disputes and debt recovery, so if you are unsure about the best course of action, call Charlotte Green on 01827 317071 or email cgreen@pickerings-solicitors.com.
Things to consider when your commercial tenant is not paying the rent:
Is this a one -off incident or is the tenant a persistent poor payer?
Do you want the property back, or do you want to retain the tenant?
Market conditions- would it be relatively easy to find a new tenanat to replace them?
Will your action force the tenant into insolvency?
Is there a third party or guarantor who could pay the arrears?
Is the tenant in breach of any other elements of the lease?
Can you draw down on the rent deposit?
For advice on your specific issue, call Charlotte Green on 01827 317071 or email cgreen@pickerings-solicitors.com.
