If a tenant doesn’t settle their charges at the end of a tenancy, landlords can sell the whole, or part, of the charge to flatfair for up to 12 weeks’ worth of rent (with up to six weeks for rent arrears), meaning costs are recovered more quickly and effectively. The flatfair team will then take ownership of the recovery process, giving landlords the option to appoint us (at no extra cost) to chase up any extra costs beyond the 12 week limit. By opting for this additional service, landlords can recover further losses without the need for any legal action.
So that flatfair can start to recover any outstanding funds on their behalf, landlords will need to sign and return the flatfair offer within 10 days of receipt from our team. This legally assigns flatfair as the debtor, which means we’ll be able to chase up any outstanding funds. As soon as we get these funds, flatfair will pay the landlord the outstanding amount directly to their chosen bank account – all for the value of up to 12 weeks’ worth of rent.