🏠Section 17 notice
A section 17 notice is a notice that is served on a tenant by a landlord in order to regain possession of a property. The notice must be served in accordance with the law and must state the grounds on which the landlord is seeking to regain possession.
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Section 17 Notice Of Intention To Recover Fixed Charge (To Former Tenant Or Guarantor)
In the context of UK law, a fixed charge commonly refers to an outstanding debt or financial obligation owed to the landlord by either a former tenant or their guarantor. This legal template serves as a formal notification instrument that outlines the owner's intention to exercise their legal rights to recover the fixed charge amount.
The document may contain important details such as the identity of the former tenant or guarantor, the specific amount owed, the methods available for payment, and a deadline by which the payment should be made. Additionally, it may provide instructions on how to respond or dispute the fixed charge, if applicable.
By issuing this Section 17 Notice, the landlord or creditor demonstrates adherence to relevant legal requirements while notifying the recipient of their obligation to settle the debt. This legal template ensures compliance with UK law and can serve as evidence in case further legal action is required to recover the fixed charge.
It is important to note that the template should be used as a guide and customized to suit the specific circumstances and legal requirements of the case. Consulting with a legal professional is recommended to ensure that the notice is correctly prepared and complies with all relevant laws and regulations.
Publisher
Genie AIJurisdiction
England and WalesAssociated business activities
Recover fixed charge
In the UK, a fixed charge is a legal charge attached to an asset like property. Lenders use it as security for a loan. If the borrower defaults, the lender can take possession of the asset and sell it to recoup the loan amount.
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