Q: My tenant has substantial rent arrears - what can I do?  

 

At SCP we have a proven record in recovering rent arrears and where necessary we can secure possession of your property, however, we will need to see the lease / tenancy agreement before advising you further. An initial consultation can be arranged free of charge.   

 

Q: Can you collect / administer Service Charges?

 

Yes. At present we administer and collect service charges from a number of multi-tenanted properties. We have over 20 years experience in service charge administration , accounting and apportionment. Our aim is always to provide cost-effective services to both Landlord & Tenants.

 

Q: My tenant’s lease is coming to an end and I’m not sure what to do next?  

 

In most cases, Commercial leases / business tenancy renewal processes are governed by statute law (Landlord & Tenant Act 1954 & subsequent amendments) and it is crucial that both Landlords & Tenants are aware of their statutory rights where applicable. We can advise you further on this process - again a free consultation can be arranged.

 

Q: What is an “FR&I” lease and are there any guidelines both a landlord / tenant should follow?    

 

FRI - Full Repairing and Insuring. In basic terms, the tenant will be responsible for maintaining and repairing their entire demise. In addition, they will also be liable bear the costs incurred by the landlord in insuring the demised premises. Both Landlords and Tenants should be aware of the latest code for leasing business premises - further information and a copy of the code can be obtained by clicking here (external web site).

 

Of course. All potential tenants have to provide as much financial information as possible prior to entering into a lease. This will include bank / accountants / landlord’s references and a full credit check is taken upon each individual tenant or company. Unfortunately we cannot guarantee that your potential tenant will not default on their obligations in the future, however, we ensure that all potential tenants either provide a personal guarantee / guarantor or rental deposit .

 

Q: Do you check each potential tenant’s financial status?