Tenants have stopped paying rent

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Original Message Added : 5 Aug 2011

My business has suffered in the last year due to rent I am owed from a property I let out to a Married couple. They stopped paying the rent on my flat 11 months ago and what with the present times and work being slow, and the fact I was having to pay two mortgages - I had to give up my office and put staff off and work from my home, my business suffered due to the money each month I had to raise.

Without this problem, I could have been in a very different financial position.

The Bailiffs came on wednesday 3rd August to evict the couple, and the next day post arrived for the tenants and was addressed to a limited company and it appears that the person is a FINANCIAL CORPORATE ADVISOR belonging to a string of associations, and he ran the business from my flat.

I have little hope of getting the £12,000 in rent that I am owed, but he did brag to me that he has a new build and a mortgage and will be moving into his new home in November - can you get a mortgage with a CCJ and what advise can any one give me please

Useful?

	Jennifer G Fowler from Lets Face It Together Ltd
Location :	Rainham
Joined :	06 October 2009
Contact :	Send Private Message
Posts :	1 ( 0)

Reply : 5 Aug 2011

Hi Jennifer,

To start pursuing the debt and getting it enforced wont be cheap. It is vital you know the exact worth of this person or you risk spending more money trying to collect something he hasn't got. If he has got a mortgage you need to know if he actually has equity.

Also you need to check how much you can claim via county court. I am not sure but dont think it is close to what you are owed.

It is unlikely the courts will do anything to cause him to lose his home so you will probably end up with a few pounds per week.

If you are sure he has money maybe a solicitors letter asking to come to an agreement on the repayments may be the way forward.

Useful?

	Edmund Magdziarek from EJM Investigations
Location :	Preston
Joined :	13 December 2009
About :	Owner/Lead investigator at EJM Investigations
Contact :	Send Private Message
Posts :	116 ( 48)

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Tenants have stopped paying rent - advice wanted