If rent arrears begin to arise in a commercial lease, it can be incredibly frustrating for the landlord, and stressful for the tenant.
There are a number of options open to commercial landlords where their tenant is not paying the rent. Our commercial lease dispute solicitors combine a detailed understanding of the laws of commercial leases and diligence with a practical approach. Options open to a landlord could include claiming on an insurance policy, beginning a commercial eviction process, raising a court action to recover the arrears, or (if your commercial lease is properly written, a service that our commercial property solicitors specialise in) recovering money via “summary diligence”. This is a type of shortcut that can allow a commercial landlord to skip a court action entirely, and proceed straight to attempting to recover money owed via, for instance, freezing money in bank accounts.
We don’t just advise you on the law – we discuss with you what the particular circumstances of your situation mean. For instance, your commercial landlord may not want to evict you because it would not be able to re-let the premises and its threats to evict you may be bluster. Equally, your commercial tenant may have no money, and so proceeding straight to a commercial eviction will save you time and money.
Our commercial rent arrears solicitors work closely with our commercial property solicitors so that, if parties can agree a way forward (for instance, by way of a variation to the lease to reduce the rent for a period), we can help you to legally document that. If you are a commercial landlord, or a commercial tenant, having problems with commercial lease rent arrears, get in touch with us today.