If your landlord, then there’s a good chance rent makes a significant portion of your income. In a 2018 report, it comprised as much as 42%. If you’re also lucky, you’ll be like some of your peers who own more than a single property. What if you don’t? A tenant who doesn’t pay the rent even for a month can result in a severe financial problem for you.

If the tenant has been accumulating rent arrears, you can consider talking to legal solicitors in London. These people can provide you with advice to deal with the issue. If you plan to take your tenant to court, then you also need their help. You can also make better decisions when you know your landlord options:

1. Tribunal

You can bring the matter to the tribunal, who can help mediate, negotiate, and resolve disputes. These disagreements can rise from rent increases, financial penalties, and orders for rent repayment. It can take a few weeks before the tribunal can come up with a resolution, and it might not always be in your favor. The other party, who is your tenant, also has the same right, which is to present letting issues with the tribunal.

2. Enforcement Procedures

In the UK, landlords can explore a variety of ways to force the tenants to pay up. One of these is through a county court judgment (CCJ). A CCJ order provides you with some power, such as the ability to evict the tenant and repossess their belongings. These items can be sold at an auction to help you recoup the unpaid amount.

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You can also go to court to issue a money order judgment. It means the court will have to compel the tenant to pay the arrears along with the other associated fees and costs, especially now you brought the issue to the court. Another option is to send a letter about the non-payment to the guarantor if they have one. It will then be the guarantor’s duty to ensure the tenant follows the lease agreement.

Keep in mind it can be a lengthy process. Usually, the tenant has 21 days to pay the rent arrears, and they don’t even have to settle the entire amount. Both parties can agree that the tenant pays their obligation over several months on top of their monthly dues.

3. Insurance Claim

As a landlord, you’ll feel more secure if you have a rental property insurance policy. In case your tenant cannot pay the rent, you can file a claim against your policy. It doesn’t mean you no longer need to collect the repayments, but you can have something to tide you over until you can receive what is due to you.

In an ideal world, you would have a tenant who cared about their financial obligation to you. In reality, it doesn’t happen all the time, and it’s not always because they don’t want to pay you. Sometimes life happens, and they can be in a tight spot.

Consider exploring getting help from professionals, working with mediators, and seeking an audience with your tenants before bringing the matter to the court.