To effectively manage residential freehold investment portfolios, the efficient collection of ground rent is vital to optimise cash flows.
This includes the robust collection of overdue ground rents and associated charges.
Mainstay collect ground rent on behalf of our clients and have specialist, established systems and in-house procedures for accurate and timely issue of demands and recovery of debts.
- Mainstay will issue ground rent demand notices, in the prescribed form and in accordance with individual lease agreements.
- Our dedicated credit control team will commence the collection of overdue rents in accordance with the demand issued.
- Our in-house debt recovery team have tried and tested procedures for utilising all legal possibilities for collection of overdue amounts. These can be tailored to be as robust or flexible as our clients require.
- Our bespoke reporting capabilities ensure a transparent, accurate and detailed analysis is shared with our clients on all aspects of financial reporting.