When a landlord is faced with a tenant who is not paying rent or is violating the terms of their tenancy agreement, they may seek to obtain an accelerated possession order to regain possession of the property However, many landlords are often concerned about the costs associated with obtaining such an order In this article, we will explore the various costs involved in obtaining an accelerated possession order and provide some guidance on how to manage these costs.
The first cost that landlords need to be aware of is the court fee associated with filing for an accelerated possession order As of 2021, the court fee for filing an accelerated possession claim is £355 This fee must be paid upfront when submitting the claim to the court It is important to note that this fee is non-refundable, regardless of the outcome of the case Landlords should factor in this cost when considering whether to proceed with an accelerated possession order.
In addition to the court fee, landlords may also incur legal fees if they choose to hire a solicitor to assist with the accelerated possession order process Legal fees can vary depending on the complexity of the case and the solicitor’s hourly rate Some solicitors may offer fixed-fee services for accelerated possession orders, which can help landlords budget for this expense Landlords should discuss legal fees upfront with their solicitor to avoid any surprises down the line.
Another potential cost associated with obtaining an accelerated possession order is the cost of serving notice on the tenant In order to obtain an accelerated possession order, landlords must first serve a Section 21 notice on the tenant, giving them at least two months’ notice to vacate the property accelerated possession order cost. Landlords may choose to serve this notice themselves or hire a professional process server to ensure that it is served correctly The cost of serving notice can vary depending on the method chosen and the location of the property.
Once the Section 21 notice has been served, landlords must wait for the notice period to expire before filing for an accelerated possession order During this time, landlords may also incur costs associated with maintaining the property, such as mortgage payments, utilities, and insurance It is important for landlords to factor in these ongoing expenses when calculating the overall cost of obtaining an accelerated possession order.
In some cases, landlords may also need to cover the cost of bailiff services if the tenant refuses to vacate the property voluntarily Bailiff fees can vary depending on the bailiff company and the location of the property Landlords should be prepared for this additional cost if it becomes necessary to involve bailiffs in the eviction process.
Overall, the cost of obtaining an accelerated possession order can vary depending on the specific circumstances of each case Landlords should carefully consider the potential costs involved and budget accordingly before pursuing an accelerated possession order By being proactive and prepared, landlords can minimize the financial impact of obtaining an accelerated possession order and protect their investment in the property.
In conclusion, obtaining an accelerated possession order can be a costly process for landlords, but it is often necessary in order to regain possession of a property from a non-compliant tenant By understanding the various costs involved and planning accordingly, landlords can successfully navigate the accelerated possession order process and protect their interests If you are considering pursuing an accelerated possession order, be sure to seek professional advice and guidance to ensure that you are fully prepared for the costs involved.
Understanding the Costs Associated with Accelerated Possession Orders