Thursday, April 30, 2009

Landlords Need to Take Swift Action Against Non Payment of Rent

Landlords are warned of the increased importance of acting quickly if a tenant misses a rental payment to avoid further financial losses.

Susan Prince, a property litigation specialist at Black Country law firm George Green LL has been warning Birmingham landlords of the dangers of not taking swift action against tenant who miss rental payments.

“Now more than ever before, landlords must monitor their bank account regularly to see if rent payments have been made on time. These days this can be done by using the internet or telephone banking rather then waiting for monthly bank statements to arrive. If a tenant defaults, swift action must be taken.

Read the full article in the Birmingham Post

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