HAVE YOU thought of ways to minimise this and what actions have you taken out to if the same leaseholders continually fail to pay their service charges?
- Tighten up your procedures for your reminder process (eg no more than 14 days to settle the arrears before taking legal action)
- Send out demands on a tight schedule (whichever your service charge period – do not waiver the right to forfeit as this could lead to a build up of previous service charges arrears)
- Using solicitors, such as ourselves, the “third party effect” often increases the recovery process subsequently leaving you and your customer “all square” in the property relationship.
If you require advice or help with debt recovery – call our team at AllSquare Law on 01628 200215 or drop us an email.