Approximate legal costs to recover debt

Hi all

I have a tenant in a commercial property and she is €10,000 in arrears, would anyone have any idea of the following costs?

A) Legal costs involved in recovering €10,000

B) In the absence of tenant not paying the €10,000, following a ruling, the cost of registering a judgement against her?

Thanks

I cant answer your exact questions but firstly, do you think the person has the ability to pay you ? If so I would get a debt collector to try and recover it first before the legal route. They will charge about 10% to 15% but may be a better/quicker option. If you feel they can't but have a large asset then go the legal route direct I guess.

Would your priority not be to get her out of the property and replaced by someone who pays the rent?

Brendan

Hi All

Thanks for your replies
The tenant has recently come back to us..... It APPEARS as though she will pay ... I'll believe it when I see the cash in the bank ....
Hopefully I'll have positive updates next week. ....

Hope it works out for you and the tenant pays up. If that happens, I would take whatever steps are needed to make sure it will not happen again with that particular tenant and get a new one.