When it comes to renting out a property, landlords sometimes face the unfortunate situation of dealing with difficult tenants who refuse to vacate the premises even after their tenancy agreement has ended In such cases, landlords may need to seek an accelerated possession order to regain possession of their property However, this legal process can come with its own set of costs and expenses that landlords need to be aware of.
An accelerated possession order is a quicker way for landlords to evict tenants without the need for a court hearing This process is typically used when tenants are in breach of their tenancy agreement, such as failing to pay rent or causing damage to the property While an accelerated possession order can be a more efficient way to regain possession of a property, it does come with associated costs that landlords should consider before proceeding.
The costs of obtaining an accelerated possession order can vary depending on several factors, including the complexity of the case and whether the landlord chooses to hire legal representation Here are some of the main costs that landlords may incur when seeking an accelerated possession order:
Court fees: In order to apply for an accelerated possession order, landlords will need to pay a court fee As of 2021, the court fee for applying for an accelerated possession order is £355 This fee can be paid online or by post, and landlords will need to provide the necessary documentation to support their application.
Legal fees: While landlords are not required to hire a solicitor to apply for an accelerated possession order, many choose to do so in order to ensure that the process runs smoothly Legal fees can vary depending on the solicitor’s hourly rate and the complexity of the case accelerated possession order cost. Landlords should be aware that legal fees can quickly add up, so it’s important to discuss costs with a solicitor before proceeding.
Bailiff fees: If the tenant refuses to leave the property after the accelerated possession order has been granted, landlords may need to hire a bailiff to carry out the eviction Bailiff fees can vary depending on the bailiff’s hourly rate and any additional costs, such as travel expenses Landlords should be prepared to cover these costs in the event that a bailiff is needed to enforce the possession order.
Lost rent: In addition to the costs associated with obtaining an accelerated possession order, landlords may also face financial losses due to lost rent If tenants are refusing to leave the property, landlords may not be able to re-let the property until the possession order has been enforced This can result in a loss of rental income, which landlords should factor into their financial calculations.
Overall, the costs of obtaining an accelerated possession order can quickly add up, making it important for landlords to carefully consider whether pursuing this legal route is the best course of action Before applying for an accelerated possession order, landlords should weigh the potential costs against the benefits of regaining possession of their property in a timely manner.
In conclusion, an accelerated possession order can be an effective way for landlords to quickly evict difficult tenants and regain possession of their property However, this legal process comes with its own set of costs and expenses that landlords need to be aware of By understanding the various costs associated with obtaining an accelerated possession order, landlords can make informed decisions about how to proceed in cases of tenancy disputes.