Getting What You’re Owed
Generally, most leaseholders are pretty good at paying their service charges and ground rent on time. But, there are a few who consistently miss payment and ignore reminders. This is where we step in to help.
SLC Solicitors, with its dedicated, award winning team of 60 staff, provide a fast, efficient arrears of service charges and ground rents collection service on a no recovery no fee basis, at no cost to our clients – we even pay the court fees! Instructing us is easy and there’s no risk to you or your clients.
It is crucial to the efficient running of any property management company that there is a constant review of risk, credit control systems and also quick and efficient recovery of outstanding arrears of services charges. Without adequate controls, management companies can find themselves under pressure from creditors who have supplied services and utilities to block-managed residential units.
This type of unwelcome creditor pressure can be avoided if the services of specialist managing and solicitor agents are employed. As an expert law firm we understand the need to collect the arrears as efficiently as possible to ensure our clients can continue to provide good management. We also offer support in the form of service charge related training courses. Our training courses are tailored to our client’s individual needs, not on a standard basis. We provide a half day interactive workshop covering debt management, lease related issues (s.146 notices, forfeiture and possessions) and Claim Processing at the First Tier Tribunal and County Court.
Our service also includes the recovery of administration charges and late payment interests. Often overlooked, Administration charges are levied to statements by most managing agents. If a lease does not specify for administration charges to be applied it is important they are deemed reasonable under the Commonhold and Leasehold Reform Act 2002 Schedule 11. When applying an administration charge it is imperative the leaseholder also receives a notice of the Tenant’s Rights and Obligations (Administration Charges). Late Payment interest is allowed as expressed under the terms of the lease, this is collected from the defaulting leaseholder. When instructing SLC, we will inform you at the outset if the terms of the lease entitle you to claim administration charges and interest.
In almost every instance, we act on a no recovery no fee basis (subject to the lease). It’s a quick and easy process: to begin recovery, all we need is a statement detailing all the arrears, the tenants contact details and a sample lease (don’t have a copy? No problem, we can obtain it). SLC will solve your arrears, get in touch today and see how we can help.