Landlords will need to ensure that they manage their rentals to prevent arrears arising which may have an impact upon their investment and/or their mortgage liability.
If your tenant misses a payment of rent, you will need to discuss matters with them. The first option is always to speak to your tenant and find out if there is any reason why the rent has not been paid. An agreement may be reached with the tenant at this stage.
If the tenant has no explanation or does not engage in communication with you then you may need to consider your position and in particular whether or not a Notice needs to be served in order to gain possession of the property. What you do not want is a situation where the arrears continue to escalate, and the tenant remains in the property, and you are making payment of mortgage payments and/or the mortgage lender is threatening repossession proceedings.
It is essential that you obtain legal advice at the outset if in doubt. Hegarty Solicitors have over 45 years of experience in dealing with defaulting tenants.