Top Tips for the Private Landlord

Tip # 3

Delaying the Rent Arrears Process-If a tenant falls behind in the rent, private landlords can give the tenant lengthy periods of ‘grace’ unknowingly allowing them to get into a financial ‘point of no return’ where they are unable to catch up. When the landlord finally starts to serve legal notices it is too late and results in a much greater loss than if correct action was taken in a timelier manner. This can also prejudice landlord insurance claims if the legal process is compromised.