Rent Arrears Negotiation Hints & Tips +
Only you can decide how much flexibility you are prepared to give and what financial exposure you are prepared to accept. No matter how upsetting the situation is, retaining your composure is paramount for whilst the Tenant is talking to you there may be a way forward.
Where arrears exist, the following tried and tested solutions will help you.
Where these fail to remedy the situation then proceed as follows
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Issue a Section 8 Notice for arrears as a contingency plan.
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Consider imposing a condition that you require a Guarantor to minimise your exposure to future arrears.
Deed of Guarantee -
Should this progrees to court evidence will assist you to avoid the possession order being suspended
Should the Tenant fail to fulfil their promises, you need to make sure you are able to demonstrate reasonableness and this forms evidence of tenants' inability to fulfil promises. This process minimises your exposure to having a possession order suspended, which means the judge grants you possession but sets this aside providing the Tenant fulfils their obligations, such as paying rent and some arrears. If you are able to demonstrate you took legal action as the Tenant continually failed to fulfil their promises, then you are also less likely to have costs awarded against you.
If the Tenant fails to fulfil promises, assert your authority by serving notice - just because you serve a Section 8, it does not mean you have to proceed with the court process. This keeps your options open.