Protective Distraint
At Abacus Services we are increasingly putting in place 'protective distraints' to secure the landlord's interests.
The process is a low cost solution for giving landlords extra security while tenants comply with negotiated payment plans.
"Abacus Services bailiffs are experienced negotiators and always look to sustain the tenant landlord relationship during stressful times," said a company representative.
"It is our objective to make any payment plan work properly. Fundamental to this is quickly establishing trust with the tenant on behalf of the landlord. If a distraint is put in place it allows us to re-assure the landlord that their interests are secured. It also makes the tenant feel more secure because they are proving a concrete commitment to following the plan by working with us."
"A protective distraint isn't always the first choice, but for many asset managers it is a useful tool while the economy continues to settle."
