Email us info@equilibriumdr.co.uk
Call us on 0333 240 8598
At Equilibrium Debt Recovery, we provide a comprehensive suite of solutions for the recovery of Service Charge and Insurance Arrears, in addition to our proficiency in Commercial Rent Arrears Recovery (CRAR). Our expertise extends to the efficient collection of a variety of outstanding charges, including service charges, insurance arrears, deposits, and electricity arrears.
Despite CRAR regulations indicating that service charges, insurance, deposits, and electricity arrears cannot be collected in person, Equilibrium Debt Recovery employs effective alternative strategies. We utilise direct communication through post, email, and telephone to ensure the successful recovery of what is rightfully yours, guaranteeing comprehensive follow-up and negotiation.
Upon your instruction, Equilibrium Debt Recovery will dispatch a letter demanding the full payment of the outstanding Service Charges, Insurance, or other dues. This action accompanies our 7-day Enforcement Notice for rent under CRAR. It is crucial to understand that the recovery of Service Charge, Insurance, deposits, and electricity arrears is conducted outside the CRAR regulations. Thus, all communications and negotiations with your tenant regarding these arrears are managed separately from the CRAR process, aiming for the complete recovery of these non-rent debts alongside any CRAR debt collection, upon request.
We present a cost-efficient solution for landlords. By engaging our services for the recovery of service charges and insurance arrears, and when in possession of a valid CRAR Warrant, you are exempt from charges for these arrears' recovery. A doorstep recovery agent may also visit the tenant’s premises to discuss Service Charge, Insurance, or other debt arrears, aiding in the recovery process.
In line with CRAR regulations, standard fees apply for the enforcement of Commercial Rent. However, Equilibrium Debt Recovery ensures that landlords face no additional expenses for Service Charge and Insurance Arrears services, provided a valid CRAR Warrant is active.
Our adeptness in collecting both service charges and insurance costs positions us as a preferred partner for landlords and property management agents. Recognising the critical role of insurance costs in safeguarding property value and integrity, our objective is to facilitate the swift collection of these charges, ensuring landlord-tenant relations remain positive.
Choose Equilibrium Debt Recovery
Select Equilibrium Debt Recovery for the effective recovery of both CRAR debts and non-rent debts such as service charges and insurance arrears. Our multi-faceted approach, incorporating various communication methods and skilled negotiation, guarantees maximum recovery with minimal inconvenience for landlords. Rely on us to manage your arrears recovery needs with the utmost professionalism and efficiency.
At Equilibrium Debt Recovery, we excel in the swift and effective collection of service charges, addressing a key concern for landlords in property management. Service charges are fees levied on tenants to cover expenses related to the upkeep and provision of communal facilities in a property, including maintenance, heating, lighting, and the maintenance of shared spaces, as detailed in lease and tenancy agreements.
Benefits of Choosing Us
We have used Equilibrium Debt Recovery Ltd several times with great success. Alan Mills is experienced, effective, professional and offers a great service. I would thoroughly recommend him!
Equilibrium Debt Recovery Limited. Registered office: 14 Clifftown Road Southend-on-Sea Essex SS1 1AB (by appointment only).
Company Registration: 13437333 Registered in England and Wales.
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