RED Alert — spring 2014: quick tips — waving the red flag: early warning signs that tenants might be struggling
With the law of distress due to be substantially updated on 6 April 2014, there will be a new focus on rent arrears and landlords’ remedies for collecting them. In order to maximise their position and prospects of recovery, landlords should ensure that they are fully on top of their tenants’ rent accounts and well advised from an early stage. A delay in taking action could result in greater and irrecoverable losses.
Taylor Wessing sets out some signs below that might indicate a tenant is likely to default and some tips for how a landlord can protect itself…
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