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Introducing the Debt Squared Group Bundle Repossession Service

A service dedicated to Property Management Companies and Facility Managers across England & Wales.

Forfeiture of Lease

All-In

Our Bundle Services are created to enable you to select what service you want, on each instruction. We have designed straightforward bundle packages for lock changes with vacant property security services to protect a landlord’s property whilst it is vacant.

Bundle One

  • Enforcement agent
  • Locksmith
  • Torts notice
  • Property report including pictures

£695 plus Vat

Cancellation costs on the day of attendance £150 plus Vat

 

Bundle Two

  • Enforcement agent
  • Locksmith
  • Torts notice
  • Drain down
  • Letterbox sealed
  • Meter reading
  • Weekly inspections
  • Property report including pictures
Summary

The above price is based on a residential property housing only 1 heating system that requires draining, commercial properties house larger or sometimes multiple systems, therefore on commercial properties a further drain down will apply. Additional drain downs are charged at £75.00+vat per heating system.

£770 plus Vat

+ weekly inspections at £29.95

Cancellation costs on the day of attendance £150 plus Vat

 

Bundle Three

  • Enforcement agent
  • Locksmith
  • Torts notice
  • Steel screens/door (up to 11 openings and 1 door) £95.00+vat per week
  • Alarm (up to 3 sensors) £65.00+vat per week
  • Smoke sensor
  • Weekly inspections
  • Property report including pictures
Summary

Shuttering & alarm are per week and based on a minimum of 4 weeks hire. Additional doors are charged at £30.00+vat, additional screens at £5.00+vat. Alarm response cost - £65.00+vat per hour

£1,335 plus Vat for first 4 weeks (including attendance)

Then £640.00+vat thereafter.

Cancellation costs on the day of attendance £150 plus Vat

 

Please Note

  • All locks fitted are to British Standard (BS3621).
  • Lock hole covers (escutcheons) are supplied and fitted on all deadlocks.
  • Where padlocks are fitted a new hasp and staple or slide bolt is fitted and the old one removed.
  • Padlocks fitted are to a minimum of 50mm.
  • Rim Cylinders will be accompanied by a 5 lever British Standard deadlock.
  • Euro locks fitted are CEN Grade 5 Certification with 6 Pin Tumbler Mechanism and Anti-Drill pin.
  • Euro mortice locks are replaced with a 5 lever British Standard deadlock or sash lock

The first step to take is to check that there is in fact no one physically present on the property who is likely to oppose re-entry by our Enforcement Agents. If there is, then re-entering the premises in such circumstances is likely to constitute a criminal offence.

When changing the locks to effect forfeiture

Forfeiture is a final and positive act by the landlord and cannot be retracted. The action taken to effect re-entry must, therefore, be a clear and unambiguous demonstration that forfeiture has occurred and the act of forfeiture must be brought to the attention of the tenant by way of the notice. The notice by itself is not enough but changing the locks is clearly a full and final statement of intent on the part of you as landlord that your tenants’ lease is at an end.

Provided that our Enforcement Agents are satisfied that there is no one in the premises they will then need to effect actual physical entry into the property and change the locks. The Enforcement Officers must also leave a prominent notice, generally affixed to the door of the premises, indicating that as agents on behalf of the landlord, they have changed the locks and forfeited the lease by peaceable re-entry and that from the date of re-entry your defaulting tenants’ lease is considered to be at an end.

Our Recovery Account Managers can arrange third party contractor professional locksmiths to attend with our Officers to enter the premises and re-secure the property.

Additional services provided by Debt Squared Group partnering with qualified third party contractor specialists include;

  • On-site auctioneer asset valuations
  • Controlled supervised access
  • Site clearances, including sale and/or disposal
Downloads / Forms
Forfeiture of Lease Form