What Happens When Your Tenant Doesn’t Pay?

notice to vacate with money concept

It happens. A tenant could miss the monthly payments for the lease. Sometimes, you have to wait for a few more days after the deadline to receive it. The reasons are aplenty. The economy isn’t doing well, or the business changed leadership. The cash flow is tight, or it can no longer afford the rent anymore. What if the tenant doesn’t pay for months? As a landlord, what are your options to recover what is due to you?

1. Consider Commercial Rent Arrears Recovery (CRAR)

Back in the old days, landlords could be brutal in their approach to lease collection. For example, they could change the locks of the office and then seize all the goods inside. They then had the prerogative to sell them to recoup their losses. The term for this process was distress.

It became the norm for many years until 2014 when the UK introduced commercial rent arrears recovery (CRAR). The regulations are more transparent, but the limitations are also stricter. These include the non-seizure of the business assets, which only a certified enforcement agent or a bailiff can do.

Under this process, the landlord can enforce collections on delayed or missed rent for commercial tenancies only. They can do so as early as seven days after the tenants failed to pay. The landlord can also claim the arrears from the sub-tenants.

CRAR has a prescription period, and with many rules to follow, it can be confusing. Landlords can then consider commercial rent recovery services. They don’t have to worry about the fees. They will become part of the tenant’s due.

for rent sign with a couple behind2. Talk to the Guarantor

It will be easier if the tenant has a guarantor, who can pay on behalf of the tenant. It reduces the collection process and saves you a lot of headaches. Note, though, that you may not reach out to the guarantor immediately. The first person you should talk to is the tenant. For a paper trail, request collection in writing. After two weeks of non-payment, you can then send another demand letter to the tenant, as well as inform the guarantor of the situation. You may repeat this procedure within 21 days of non-collection.

3. Pursue Section 8

Section 8 Notice is also Notice to Quit. It means that you believe the tenant breached the lease contract and that you want to possess the property again. It also implies you’re bringing the other party to court to recover the rent.

It is a lengthy and particular process. It needs to follow a specific format to be valid. The form, for example, may have to include the name of the tenant, property address, and grounds for possession. It will also indicate the expiry date of the notice. The tenant doesn’t need to leave the property until they receive the note, and even then, you may still have to apply for a possession order if they don’t vacate.

The process of getting what is yours may be time-consuming, but it’s always worth pursuing. After all, it’s also a matter of justice and fairness.

4 Reasons People Are Very Much In Love with Apple Devices

iPhone on a Facebook app

Apple, one of the most valuable brands in the world, has a huge following that any other tech brand could ever dream of. Its followers are religious and devoted to whatever Apple has to release. And this brand success did not happen overnight.

Many years ago, Apple, in its beginnings, has its own share of troubles that can bend and break the will of the strongest leaders. But with the strategy, commitment to technology, and sound marketing tactics, Apps has emerged as one of the most valuable companies in the world.

This is why a lot of businesspeople and even large companies capitalise on Apple. Some even get an Apple franchise. You may be thinking of getting on it, but before you fully decide on it, you will need to understand the factors that make Apple one of the most loved brands in the world.

Below are some of the reasons people are really in love with their Apple devices.

Reason #1: Keep It Simple

A lot of devices, even before, have grand promises. These promises seemed flamboyant and useful, but Apple did the contrary. They stripped down their designs and made sure that what will remain are the essentials. Therefore, they keep their devices simple.

And that can be even easily observed in the sleek body of their devices — from their MacBooks to iPods, iPhones, and iPads. They are bound by the philosophy; simplicity is a beauty. And it truly works for them and for their customers.

Reason #2: Usability at Its Finest

iPhone 6

Apple devices have this reputation of being easy to use. And this is credited to their teams of experts that focus on improving the user experience and interface of their devices. The device is highly intuitive that anyone can use it without having to refer to the manual.

They have mastered the use of touch technology. The sync function of Apple devices allows you to access the same file and items through different devices. In this regard, Apple has won in the consistency game.

Reason #3: Keeping Up with Consumer Needs

Technology has always evolved and will evolve. And in this era, it has evolved faster than expected. Apple has always been at the forefront of the game, meaning they have always followed trends and improved their design based on these. You can safely say that Apple does not follow the trend; they are even the ones who start them.

Reason #4: User-Centric

Apple’s commitment to service does not end in their sales team. Their aftersales team has always been dedicated to answer queries and fix their customers’ problem with their Apple devices.

This is why many customers hail Apple as one of the companies that offer the best customer service. The commitment to everything great and good will always be reflected in the different segments of the company — from production to sales.

These are only some of the top reasons people love their Apple products. And if you are using Apple products, you will realise that all of these are true.

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