Property Property Lettings and Revenue Revenue Recovery

Revenue Recovery

Revenue Recovery: Why Losses Occur

We understand how frustrating and worrying it can be to lose rental income from property ownership or investment.

Our revenue recovery service is designed to help you reclaim what is rightfully yours, offering guidance and support throughout the process. With our help, potential losses can be turned into regained profits.

Causes of Loss

Revenue loss can stem from many sources, including:

Inefficient billing processes
Poor tracking and collection of payments
Incorrect pricing or weak contract management

Engaging an Enquiry Agent

Many tenants vacate without leaving any forwarding address. We often appoint an Enquiry Agent to conduct a Trace Report, a cost-effective step that informs subsequent actions.

Based on the results, we can advise on enforcement options, such as recovery through bailiffs or deductions from earnings.

Letter Before Action

The Letter Before Action is a formal warning of potential legal action, providing debtors with a final opportunity to settle.

It details the debt amount, reason, and payment deadline. If ignored, the next step is applying for a money Judgment, or recovery action if a judgment has already been secured.. This structured approach maximises recovery while reducing further losses.

Securing a money Judgment

If a debtor fails to respond to a Letter Before Action, you may need to apply to the court for a money Judgment.

If successfully secured, this means that the court has formally decided that the debtor owes the money, and as such, is legally enforceable.

Our Pricing Structures

For pricing relating to our Property, Lettings & Revenue debt recovery services, please refer to our 'Debt Recovery - Property Lettings & Revenue' pricing page.

Should your legal needs relate to debt recovery not related to Properties and Lettings, please refer to our “Debt Recovery' pricing page.

Debt Recovery - Property Lettings & Revenue Debt Recovery - Litigation