We have a commercial property tenant who owns a Daycare centre which is managed by a rental agent. The tenant is behind on their rent payment & also haven't reimbursed us for one water rates notice which is 2 months overdue. They also don't answer calls or emails from the agent. The agent is suggesting going to the premise to advise the staff (the owners are passive investors not staying there) that they will be taking over the premises & closing down the business. Is this a good thing to do? If the business is closed then there won't be a daycare business to take over if needing to sue the tenant. The tenant is a company with husband & wife and the lease has both of them personally guaranteeing the lease. What would people do in this situation? Is it best for the agent to keep trying to recover the rent & outgoings as we have an insurance policy that covers up to 52 weeks rent & 3 months bank guarantee & if the tenant doesn't pay then sue them? If you sue them would you be suing them both personally and also the company that owns the daycare business, therefore all their personal assets on the line and also the company assets, meaning that we would take over ownership of the business if they don't pay up? Would it be a good idea to get a lawyer to do a search of assets owned by the husband & wife and the company as well as any mortgages they have on any of the assets?