As a landlord, if your tenant becomes insolvent and unable to pay their rent it can have a significant impact on your rights. In particular, it can lead to legal difficulties concerning:
- Your ability to recover rent arrears
- Your right to forfeit the lease
- Any possession claim to recover the property
- Dilapidations
Luscombe Gray can explain how your rights are affected and provide legal solutions to help safeguard your interests.
Enforcing your rights against an insolvent tenant
Once a tenant has entered the insolvency process, your rights as a landlord can be altered by various circumstances. This is a very complicated and technical area of law. The correct way forward will be shaped by many different circumstances. This is why it is imperative to seek specialist legal advice from the outset. Luscombe Gray can provide this advice, tailored to your unique situation.
Where at all possible, you may be able to put yourself in a stronger legal position by pre-empting insolvency on your tenant’s part. Keeping a close eye on their business performance and assessing their conduct as a tenant may help you to anticipate a tenant’s insolvency.
Instructing Luscombe Gray
Luscombe Gray is a boutique property litigation firm, providing a legal service tailored to the needs of our clients. We believe first-class legal advice should be available to all.
If you need legal support regarding issues relating to tenant insolvency, contact Luscombe Gray for clear and expert advice. Your case will be handled by an experienced property litigation solicitor.
Speak with a litigation expert today
