One of the biggest fears I hear from commercial property investors is, "What happens if my tenant stops paying rent?" It’s a worrying situation, but there are clear steps you can take to protect yourself and your property.
In this episode, I walk you through exactly what to do if a tenant stops paying rent:
The crucial first step you must take before you even contact the tenant.
When (and how) to use forfeiture – and why timing matters so much.
How the Commercial Rent Arrears Recovery (CRAR) process works and when it’s appropriate.
Other legal and practical options for recovering arrears.
Negotiation strategies that can help you protect long-term income and property value.
How to reduce the risk of rent arrears in the future.
Whether you’re new to commercial property investment or have been at it for years, this episode will give you the clarity and confidence to deal with rent arrears the right way.
Resources & Links Mentioned in This Episode:
Need help dealing with rent arrears? Book a call with me and my team at NC Real Estate – we’ll help you work out the best next steps.