Service Charge Arrears
Service Charge Arrears
Why Use SLC for Service Charge Arrears?
SLC offer a bespoke collections service based on the specific requirements of each client. So, whether debtor days, cashflow, competitive costs or an ethical approach to tenant vulnerability is important to you, we provide a service that meets your needs.
We are able to provide a quick and efficient collection of arrears of service charges with no upfront cost to our clients up to the point of issuing proceedings.
Our service includes the recovery of arrears of residential service charges and insurance following default by the tenant leaseholder as well as allowable client administration charges and late payments. It is crucial to the efficient running of any property management company that there is a review of risk and credit control issues and also quick and efficient recovery when arrears of services charges are identified. Without adequate controls in place, landlords and management companies can find themselves under pressure from creditors who have supplied them with services or provided utilities to block-managed residential units. This type of creditor pressure can be avoided by ensuring you have the best and most cost-effective representation available. This will ensure that recoveries are made promptly to ease any cash flow difficulties you may otherwise experience.
We are able to provide quick and efficient protection from the complications associated with service charge recovery. We are able to act in almost every instance as an initial no recovery no fee basis up to the point of issuing proceedings. We always provide our clients with a risk assessment prior to any further action to ensure issuing proceedings is in the best interest of our clients.
We have a clear and concise fee structure offering you peace of mind. We provide straightforward advice on the terms of the lease and your rights to claim costs from the Leaseholder. We make it as easy as possible for you to make an informed decision about the risks and benefits to you by explaining in detail any action that needs to be taken.
To make the referral process easy for you, we usually do not request funds on account and it is uncommon that our clients are required to make payment on account of legal costs as these are usually recoverable from the late paying leaseholder (subject to lease).
We always aim to recover the contractual costs or fixed costs from the leaseholder minimising the strain of litigation on your cashflow.
We will provide you with a reasonable quote for litigation once a defence is received. We review our costs regularly and we will keep you informed of any changes as the matter progresses.
There are various ways we can enforce an order including forfeiture and possession proceedings.
SLC Solicitors will provide:-
- A dedicated account manager who will act as your single point of contact, keep you up to date throughout and who will explain our recovery process to you in full
- Regular reporting issued at the frequency of your choosing.
- Quick and efficient recovery of Service Charge Arrears.
- Specialist advice from our expert lawyers