How we collected a massive rental debt and turned a tenant in arrears into a prompt payer.
We were approached by Jessie, the Owner of approx. 350 sqm warehouse / office premises in Castle Hill. Her current agent was underperforming and was unable to collect thousands in rent and outgoings monies owed by the tenant. She had incurred legal and accountant costs trying to collected the monies that were owed to her under the lease.
After a thorough review of the lease we were able to correlate specific information to relevant current legislation and specific commercial contract law to clearly define the owners rights under the lease.
We then reviewed the potential negotiating strengths and weaknesses the tenant had in this situation. After the completed audit we had a complete understanding of the strengths and weaknesses of both parties and were able to approach the tenant with a very clear explanation of what was expected of them and also the consequences if they did not adhere to their obligations
All arrears were paid, and the tenant continues to pay in full and on time, every month.
