My wife and I own a one bed apartment which we have let without a problem for the last three years.
Our current tenants are moving out in two weeks.
While there is always talk of tenants' rights (and rightly so) there is rarely much discussion about landlords' rights.
In the last while, there has been a lot of talk and innuendo about tenants defaulting, not moving out, not paying on time etc...etc....- so much so that we now have insurance brokers offering policies to cover landlords in such cases. A piece by Jill Kerby in yesterday's Sunday Times is typical.
For each of our lettings we have insisted on employer's references and two month's security/deposit (i.e. one month's rent plus two month's security). Insisting on three month's in advance was the best advice we were ever given. It sorts the wheat from the chaff immediately and the apartment has always been let within 15 minutes of going on view - it's a prime offering in every way.
But, given the uncertainty of the current climate, is there anything else we should be doing?
Many thanks.
D.
Our current tenants are moving out in two weeks.
While there is always talk of tenants' rights (and rightly so) there is rarely much discussion about landlords' rights.
In the last while, there has been a lot of talk and innuendo about tenants defaulting, not moving out, not paying on time etc...etc....- so much so that we now have insurance brokers offering policies to cover landlords in such cases. A piece by Jill Kerby in yesterday's Sunday Times is typical.
For each of our lettings we have insisted on employer's references and two month's security/deposit (i.e. one month's rent plus two month's security). Insisting on three month's in advance was the best advice we were ever given. It sorts the wheat from the chaff immediately and the apartment has always been let within 15 minutes of going on view - it's a prime offering in every way.
But, given the uncertainty of the current climate, is there anything else we should be doing?
Many thanks.
D.