Freeholders and Developers
With property transactions in decline and equity margins being squeezed, if you own the freehold as the developer or following an acquisition, the income from ground rents has the potential to be an excellent investment and very often a key source of turnover during these difficult times.
The credit control process is crucial to ensure you make the most of your freehold investment. The realisation is that if ground rents are not paid on time not only are you able to recover interest in addition to the amount of the overdue ground rent following demand, but you are also able to claim administration charges in relation to the delayed payment pursuant to the additional time and expenditure spent on credit control.
We act for developers and freeholders nationwide and are able to turn around the overdue charges quickly provided certain criteria are met.
“no recovery no fee”
In almost every case we are able to act at no cost to our client when recovering Ground Rent Arrears. The vast majority of leases allow for all legal costs to be paid by the defaulting leaseholder rather than the freeholder, allowing you to instruct us at completely no risk. We will also pay court issue fees on our clients’ behalf to ensure the process is as quick and seamless as possible and does not overload you with requests for money.
For those freeholders that need guidance on the process of demanding ground rents, credit control generally and also how our litigation service operates up to and including forfeiture of the lease we are able to provide training at clients’ offices, as well as precedent documents in prescribed formats to ensure compliance with relevant legislation.
We are able to assist Freeholders and Developers with;
- Ground Rent Arrears
- Freehold Recovery
- Lease Extensions
- Lease Variations
- Licences for work / Alterations
“From the very beginning, SLC Solicitors have been supportive and attentive to our requirements tailoring their service on a case by case basis to ensure that the best possible outcome is always achieved on our behalf.”
- Phone: 01743 260121
- Email: firstname.lastname@example.org