Commercial tenant rent arrears can kill your business
‘If you are faced with a commercial tenant who isn’t paying their rent there are many options open to you’
As a business landlord it’s essential to get your rent paid or your business simply won’t survive. If you’re faced with commercial tenant rent arrears you need to sort it out fast. There are many possible options open to you and our specialist property solicitors can offer advice on which is best for your business.
Dealing with commercial tenants not paying rent
Before we make any recommendation concerning a commercial tenant not paying rent we need to fully understand what you want. Your priority may be to:
- Get the money. We’ll look into whether your tenant has goods, machines or stock on the premises that could be sold to pay the rent. Perhaps they may have another business, job or house that could be used to pay the rent.
- Protect the tenancy. In which case you might consider taking less rent (or no rent for a while).
- Take the property back for your own use or re-letting. This may be because your own business needs have changed, in which case the best solution may be to evict your tenant.
By understanding your priorities we’ll be able to provide the right answers to your commercial tenant rent arrears.
Download our factsheet on landlord and tenant debt recovery service.