| Rent
Distress
Fees for Rent Distress service vary dependant on the job as well
as the amount of time spent.
These services include:
- Serving of Documents
- Seizure under the Rent Distress Act
- Repairers Lien Act and Personal Property Security Act.
Presently, the bulk of our business is derived from several Banks,
Financial Institutions, Garage Keepers, Leasing Companies, Landlords,
Lawyers, and Bankruptcy Trustees. Our company handles approximately
300 files per month.
The three types of seizures, which are most frequently carried
out, are as follows:
WALK IN SEIZURE
A Walk in Seizure is the action that we take most frequently. In
this instance we go to the premises and negotiate settlement of
an account. All goods on the premises are put under seizure and
inventoried. The tenant, stating that the goods will not be removed
from the premises, signs a Bailees undertaking. This type of action
is only taken when an agreement has been reached for full payment
plus bailiff cost and agreed to by the landlord.
REMOVAL OF GOODS
This action is taken when there can be no settlement of the account
between the Landlord and the Tenant. This is the most expensive
type of distress action as it leads to the sale of goods.
LOCK CHANGE
The reverse side of our distress warrant states that the locks
are being changed for the Tenant, and does not constitute termination
of tenancy. This undertaking is signed by the Tenant.
This action is taken when the Bailiff and Landlord feel that the
goods distrained are in jeopardy of being removed from the premises.
For instance, this could happen if another creditor was involved.
This gives the Tenant time to try and pay back the rent plus the
Bailiff costs without incurring the costs of removal.
You can also download
a blank Rent Distress form in Adobe
Acrobat PDF format.
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