Fees for Rent Distress service vary dependant on the job as well as the amount of time spent.
These services include:
Serving of Documents
Seizure under the Rent Distress Act
Repairers Lien Act and Personal Property Security Act.
Presently, the bulk of our business is derived from several Banks, Financial Institutions, Garage Keepers, Leasing Companies, Landlords, Lawyers, and Bankruptcy Trustees. Our company handles approximately 300 files per month.
The three types of seizures, which are most frequently carried out, are as follows:
WALK IN SEIZURE
A Walk in Seizure is the action that we take most frequently. In this instance we go to the premises and negotiate settlement of an account. All goods on the premises are put under seizure and inventoried. The tenant, stating that the goods will not be removed from the premises, signs a Bailees undertaking. This type of action is only taken when an agreement has been reached for full payment plus bailiff cost and agreed to by the landlord.
REMOVAL OF GOODS
This action is taken when there can be no settlement of the account between the Landlord and the Tenant. This is the most expensive type of distress action as it leads to the sale of goods.
The reverse side of our distress warrant states that the locks are being changed for the Tenant, and does not constitute termination of tenancy. This undertaking is signed by the Tenant.
This action is taken when the Bailiff and Landlord feel that the goods distrained are in jeopardy of being removed from the premises. For instance, this could happen if another creditor was involved. This gives the Tenant time to try and pay back the rent plus the Bailiff costs without incurring the costs of removal.