An an­gel ten­ant fails credit check

Asks fel­low land­lords to take a mo­ment to give good ten­ants a good ref­er­ence so they can move on with­out hassle

London Evening Standard (West End Final B) - ES Homes and Property - - Letting On -

who won’t give a ref­er­ence for their ten­ant un­til they have done a fi­nal in­spec­tion of their prop­erty to make sure it has been prop­erly looked after, and I ap­pre­ci­ate their dili­gence. How­ever, in many cases land­lords sim­ply can’t be both­ered to pro­vide a ref­er­ence. Of course it is a drag for the ten­ant, who au­to­mat­i­cally fails the credit check and can then be re­jected by their next land­lord.

Some land­lords are ner­vous about tak­ing ten­ants who have failed credit checks be­cause the ten­ancy won’t be eli­gi­ble for rent guar­an­tee in­surance, un­less the ten­ant is able to pro­vide a guarantor. This is a whole lot of ex­tra hassle that could have been avoided.

I rarely buy in­surance to guar­an­tee the rent be­cause I trust my in­stincts. If I think I have got a good ten­ant, then I don’t think I need the in­surance. If I think there is a risk that the ten­ant might not pay the rent, I don’t take them in. But some land­lords take out rent guar­an­tee in­surance for the ex­tra peace of mind it of­fers. The point of this story for land­lords is that they should give a good ten­ant a good ref­er­ence — and make all of our lives a bit eas­ier.

£462 per week: re­lo­cate-me. has a twobed­room lux­ury apart­ment with 24-hour gym ac­cess to rent in the Royal Arse­nal de­vel­op­ment in Wool­wich SE18 (020 8012 3986)

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