What is a statute barred debt?

Statute barred means that a debt has been barred under statute. I.e. the creditor has run out of time to collect the debt through the courts. Many people who have old debts believe that they do not have to pay any more, but the truth is that creditors can in some cases still take action, […]

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3 methods of removing commercial squatters

Due to legislation changes that took place in 2012, squatters have been displaced from residential to commercial property. As such, squatting has become a real issue for property managers, who need to make sure that they remove any squatters promptly and re-secure the property to prevent them from returning. (more…)

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Forfeiture of lease: best practice

There are lots of situations where a tenant can find themselves in financial difficulties and are unable to pay the rent. As landlords, it is important to try to work with tenants but also to protect yourself from the loss of income that can occur if tenants are unable to pay their dues. (more…)

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Future proofing your commercial lease

As a commercial landlord, your premises are a source of income and this comes from the rent paid by the tenant. In the majority of cases, this will be paid every month without issue. But situations can arise where the tenant stops paying the rent. Therefore, prior to them moving into the property, it is […]

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