LandlordZONE Newsletter - March 2009 - Selecting your Tenants

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  • LandlordZONE Newsletter - March 2009 - Selecting your Tenants

    The March 2009 issue of the LandlordZONE Newsletter is now available for download here:

    http://www.landlordzone.co.uk/BlogNews/LandlordLOGMar09.pdf

    This Month’s Topic: Selecting Tenants

    The law gives a considerable amount of protection to residential tenants, otherwise a minority of landlords would be unable to resist the temptation to take advantage.

    However, the same goes for tenants: a small minority of tenants will abuse their landlords’ position, causing damage, behaving badly or using their knowledge of the laws to their advantage and getting away with “murder” or certainly living rent free for long periods.

    Despite varying opinions to the contrary, the rental laws are pretty evenly balance in the UK and they have stood the test of time since the last major changes around 1979.

    The tenancy laws are certainly a vast improvement on what went before that.

    A bad tenant, one unable or unwilling to pay rent, one which trashes the accommodation (often the two go together) or one intent on using the law to their advantage, can seriously damage a landlord’s wealth, and perhaps health as well for that matter, given the amount of stress involved.

    The secret of landlording success therefore is to avoid these bad tenants in the first place, if at all possible.

    Of course it’s not possible to have a 100% guarantee whatever you do, as some problems arise even though your tenants have the best intentions—no one can plan for redundancy.

    However, as a landlord or letting agent, you can considerably reduce the chances of these problems by being very selective when choosing tenants—avoiding the problems in the first place is by far preferable to dealing with them later, when often they become intractable.

    In this issue of the LandlordZONE Newsletter we will be discussing how best to select your tenants based on the experience of one of the longest established on-line tenant vetting services: www.TenantVERIFY.co.uk

    Download LandlordLOG in Adobe® .pdf format:
    http://www.landlordzone.co.uk/BlogNews/LandlordLOGMar09.pdf

    The links to the journal are also posted at:
    http://www.landlordzone.co.uk/BlogNews/newsletter-archive.htm and at

    http://www.landlordlog.com/

Latest Activity

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  • S21 and refunds
    tatemono
    Because the poor old OP of THIS THREAD has seen it derailed by a long but nevertheless valid debate/argument/discussion about the interpretation of law, I've started a new thread because the discussion has raised some questions I'd like answers to.

    Say I have a tenant, whose AST started...
    18-08-2017, 05:52 AM
  • Reply to S21 and refunds
    tatemono
    well I kind of hoped that the OP would get their thread back if it was rerouted here but I didn't realise that this really only arises where there is disagreement. Plus the debate over there shows no sign of slowing down despite the OP's plea (in post #39 that he's now confused!).

    Ah w...
    19-08-2017, 12:15 PM
  • Reply to S21 and refunds
    tatemono
    okay... so if I'd asked them to leave in the middle of the period, then I'd have to refund but my example had them leaving at the end so no refund due....
    19-08-2017, 11:35 AM
  • Can Mrs T change locks?
    Berlingogirl
    Mr and Mrs T are splitting up. Mrs T is looking for a new place before giving notice to LL. Mrs T is going to give notice to LL then move immediately to new place. Mr T has mental health issues and verbally intimidates and bullies Mrs T so she needs to get out before he can start on her.

    ...
    19-08-2017, 07:32 AM
  • Reply to Can Mrs T change locks?
    mariner
    Tenancies don't change just because someone (usually LL) changes the locks.
    Mrs T needs specialist advice, as does LL if Mrs T explains her dilemma to him.

    LL could offer Mr T a sole Tenancy after expiry of Mrs T's Notice.
    19-08-2017, 11:28 AM
  • Reply to S21 and refunds
    tatemono
    My example was hypothetical. Both parties have "plans/wishes" and, feelings aside, there are plenty of reasonable situations where a LL might want to ask a decent T to leave their home.

    We have two properties where we might have to do this in the next few years. One involves co-ownership...
    19-08-2017, 11:26 AM
  • Reply to Can Mrs T change locks?
    theartfullodger
    Dunno, apologies, good for you helping. Think she should 'phone Shelter 0808 800 4444, open today
    19-08-2017, 10:11 AM
  • Tenants from Council Waiting List
    wilfred
    If you get tenants from the council waiting list, and the council pay the monthly rent direct to the LL, when their 12 month tenancy comes to an end, do the council still advise them to remain if the tenant has nowhere else to stay? It would be all the same if the LL wanted to sell the property asa...
    17-08-2017, 19:40 PM
  • Reply to Tenants from Council Waiting List
    wilfred
    Thanks for clarifying that for me artfullodger, and I didn't know they were homeless people the council asks LLs to house for 12 months.
    19-08-2017, 10:03 AM
  • Reply to Can Mrs T change locks?
    Berlingogirl
    Artful - It's not that's going to be changing the locks - It's Mrs T.

    I'm not the landlord in this instance. Sorry, I should have made that clear.

    Mrs T is concerned that if Mr T remains in the property after the notice period ends she will be responsible for all the ££££...
    19-08-2017, 08:57 AM
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