Accelerated possession orders are a valuable tool for landlords looking to regain possession of their property quickly However, many landlords are unaware of the true costs involved in obtaining one In this article, we will break down the expenses associated with accelerated possession orders and provide tips on how to minimize them.
First and foremost, landlords need to be aware of the court fees associated with filing for an accelerated possession order The current fee stands at £355, which can be a significant amount for some landlords to pay upfront It’s important to factor this cost into your budget when considering filing for an accelerated possession order.
In addition to court fees, landlords may also incur legal costs when pursuing an accelerated possession order While it is possible to represent yourself in court, many landlords opt to hire a solicitor to handle the process on their behalf Solicitor fees can vary depending on the complexity of the case and the level of experience of the solicitor Landlords should be prepared to pay several hundreds of pounds in legal fees on top of the court costs.
Another potential cost to consider is the cost of serving the accelerated possession order to the tenant In most cases, landlords are required to hire a process server to deliver the possession order to the tenant in person Process serving fees can range from £50 to £150, depending on the location of the property and the urgency of the service Landlords should budget for this expense when planning to pursue an accelerated possession order.
In some cases, landlords may also incur additional costs related to enforcing the possession order If the tenant refuses to vacate the property after the possession order has been granted, landlords may need to hire bailiffs to carry out the eviction Bailiff fees can vary, but landlords should be prepared to pay several hundred pounds for this service accelerated possession order cost. It’s important to have a contingency plan in place in case the tenant refuses to leave voluntarily.
One way to minimize the cost of obtaining an accelerated possession order is to ensure that all paperwork is filled out correctly and submitted in a timely manner Mistakes in the application process can result in delays and additional costs, so it’s important to double-check all documentation before submitting it to the court Hiring a solicitor to handle the process can also help to avoid costly mistakes and ensure that the possession order is granted as quickly as possible.
Landlords can also save money by negotiating with the tenant before pursuing an accelerated possession order In some cases, tenants may agree to vacate the property voluntarily if given the opportunity This can save landlords time and money, as they can avoid the expense of going to court It’s worth having a conversation with the tenant to see if a mutually beneficial solution can be reached before resorting to legal action.
In conclusion, accelerated possession orders can be an effective way for landlords to regain possession of their property quickly However, it’s important to be aware of the costs involved in obtaining one By budgeting for court fees, legal costs, process serving fees, and potential enforcement costs, landlords can ensure that they are prepared for any expenses that may arise By taking proactive steps to minimize costs and negotiate with tenants, landlords can streamline the process and achieve a successful outcome.
Remember, the cost of an accelerated possession order is just one aspect to consider It’s important to weigh the financial implications against the potential benefits of regaining possession of your property quickly By carefully considering your options and seeking professional advice when needed, landlords can navigate the process successfully and protect their investment.