Fixed price rent recovery for residential landlords
Step one: instruct a trace agent and review the prospects of recovery - £250 + VAT and disbursements*
We will instruct a trace agent and report to you with advice on the merits of pursuing a claim against the of the tenant and/or guarantor given the findings of the trace agent.
Step two: prepare and send a letter before action - £300 + VAT
You will be provided with a letter before claim, relying on the relevant supporting documents which detail the chronology of the case and sets out the legal principles on which you will rely to successfully pursue a claim against the tenant and/or guarantor. We keep you appraised of the deadlines by which a response is required and next steps pending the response (or lack of) from the tenant and/or guarantor.
Step three: issue court proceedings - £750 + VAT plus disbursements*
If court proceedings are required, we will draft the claim form and particulars of claim to enable you to start your claim for rent arrears at court. This fee covers all costs up to securing judgment against the tenant and/or guarantor in the event that no defence is received.
If a defence is submitted in response to your claim, our specialists will provide you with a clear cost estimate going forwards tailored to the next steps in your case.
*Disbursements are ordinarily court fees and advocate fees (for representation at hearings). Disbursements will be agreed with you before they are incurred.