It is the situation that gives landlords the most sleepless nights: a tenant can’t pay, refuses to pay or simply chooses not to pay all or some of the rent, either temporarily or permanently. This is often – although not always – coupled with increased communication issues, or maybe not being able to get hold of the tenant at all. This very much compounds the level of stress for the landlord.
So what can be done when a tenant falls into arrears and how should a landlord approach the situation?
Here are some of the key steps you must take.
Continue reading What to do if your tenant isn’t paying the rent.