Company let and not paying rent on time. What to do?

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    Company let and not paying rent on time. What to do?

    Hello All,

    Please feel free to move if this post does not belong to this thread. Apologies for the inconvenience.

    I have given my property to a company called {Mod - company name removed} also known as {Mod - company name removed}. This is the fourth month, and the payment was missing twice. I had to chase for the payment. The life is hell. I was managing the property on my own. What should I do? Please help. I am new to this thingy, and I am an ordinary family person but don't have any means to fight a company.

    The company representative (I don't want to mention his name here) was acting very slow in response and seems not bothered to reply in full or give any explanation.

    There is a six months break clause in the contract. When the first payment made late, I thought of giving a notice but the agent who introduced me to {Mod - company name removed} given me a false hope and assured me it wouldn't happen again. It happened again this month. I am confused and not sure what to do hence turned to this great forum for an informed advice.

    Thank you.

    #2
    Collecting money from a company is not really much different than collecting from a person in process.

    I would, at this point, read the agreement and see what notice you need to serve them and serve them notice.
    It isn't an AST, so there's no section 21 notice rules, so the terms of notice required will be contained in the tenancy agreement.

    When you have your property back, you can sue the company for unpaid rent.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Try not to let to companies like this - agents get a bung for introductions so sounds like you were a sitting target.

      Activate the break clause and get possession then let to thoroughly checked working person(s) if you want rent paid in full and on time.
      Last edited by Interlaken; 16-11-2016, 09:27 AM. Reason: grammar



      Freedom at the point of zero............

      Comment


        #4
        Dear Mods,

        May I know the reason why the company name was removed from the discussion? I am quite disappointed after seeing you deleted the company name and replaced with "company name removed". I believe this is a public forum, and people should know these kinds of companies exists and be aware while dealing with them. By eliminating the company name, you are putting other landlords at risk. Kindly re-instate the company name.

        Thanks.

        Comment


          #5
          Rule 20
          20. Do not post information that should be kept private: posts must not contain information which may identify and embarrass or compromise individuals or organisations - you could become the subject of a law suit.
          Terms and Conditions
          10. Naming and shaming individuals or organisations on a public forum can give aggrieved posters a sense of satisfaction, but this can come at a high price. We have had instances of Members being sued for libel for posts they made about certain organisations. UK libel laws are very onerous and organisations are often willing to pursue anyone through the courts to protect their hard won reputations. Even if you are confident about your facts, a libel action must be defended and the legal costs involved are substantial - even if you win. If you lose, you could have to pay your own legal costs, those of the applicant, any damages awarded, and any costs for related parties such as those of LandlordZONE - as a forum Member you have agreed to indemnify LandlordZONE against any and all legal costs resulting from your actions on these forums.
          I am not a moderator - removong company names is standard practice on this forum to avoid the risk of legal action.
          When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
          Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

          Comment


            #6
            Where did the tenancy agreement come from? (You, Landlord assoc, agent, comp...?)

            Serve such notices as agreement permits & evict your tenant, the company, using court processes. Recognise that if their tenant, the occupants, remain after you evict the company the occupants become your AST tenants on same terms they have with company.

            General view here is don't do such deals, certainly not without personal guarantee by credit checked director.

            Sorry, good luck!
            I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

            Comment


              #7
              Originally posted by theartfullodger View Post
              Where did the tenancy agreement come from? (You, Landlord assoc, agent, comp...?)
              From the agent. I used the agent to find the tenant and then managing the property on my own.

              Thanks for your advice.

              Comment


                #8
                You should get advice from whoever reviewed the tenancy (legally, as a business proposition, from a landlord perspective) for you when you started.
                I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

                Comment

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