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  • Buy-to-Let

    Sign of the times : Record number of evicitions in one day ....

    Found this interesting blog: really is a sign of the times.
    Record number of evicitions in one day.
    Landlord Action, a company specialising in tenant eviction, had a record number of court hearings in one day when 16 cases were heard in 12 different courts around the country.
    The date was June 9 and Paul Shamplina, Landlord Action director, said it was a sign of the times.
    He said: “This is the most number of cases in one day for us since the company started in 1999. It just goes to show how many landlords are having to take their tenants to court in order to recover money owed to them.
    “Of course, some cases are genuine hardship, but there are others who have no intention of paying up. One of the cases heard last Tuesday was for arrears amounting to £15,500.”
    Twelve different courts, including Woolwich, Bristol, Oxford, Birmingham, Croydon and Warrington, all heard cases, with Watford hearing the most cases – four in that day.
    All hearings produced a positive result for the landlords concerned with orders made for possessions and judgement for the arrears, interest on the arrears and costs against the defendant, with the exception of one that was adjourned due to a dispute over the arrears figure.
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    A record since 1999 could mean that the company involved has expanded, that there are more landlords and other reasons that have nothing to do with economics.
    Two observations about the facts.
    1. Any landlord who falls £15,500 behind either has a very pricy rental or they avoided taking action for way too long.
    2. It was good to note that in all the cases Landlord Action handled the landlord was successful. How many of the ex-tenants will pay up remains to be seen. It is a good idea to get money claims against the tenants so that they have a reminder that one day they clear the back debt. It also helps other landlords from renting to people who have not paid in the past.
    John Corey
    https://www.ChelseaPrivateEquity.com/blog
    Follow me on Twitter -> https://www.twitter.com/john_corey
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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

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