p902
29-04-2009, 09:25 AM
Hello
I am an inexperienced LL. I have a flat which I have been renting out to the council for the past 3 years. The lease came up this year but they did not renew. I have kept the flat with the same agent under full management. They got me a tenant within a few weeks at market rate - I just got a call from them saying they found an 'adverse' while doing his credit check -apparently had been declared bankrupt in 2007. He is also on housing benefit.
I really have no experience in dealing with this as my previous lease was directly with the council -so no issues about reliability/payment etc...
I guess I just need some advice on letting to a tenant who is on HB especially one who has been declared bankrupt. I haven't met him but my gut feeling says NO. On the other hand what is my guarantee that a working tenant will be reliable?
I am an inexperienced LL. I have a flat which I have been renting out to the council for the past 3 years. The lease came up this year but they did not renew. I have kept the flat with the same agent under full management. They got me a tenant within a few weeks at market rate - I just got a call from them saying they found an 'adverse' while doing his credit check -apparently had been declared bankrupt in 2007. He is also on housing benefit.
I really have no experience in dealing with this as my previous lease was directly with the council -so no issues about reliability/payment etc...
I guess I just need some advice on letting to a tenant who is on HB especially one who has been declared bankrupt. I haven't met him but my gut feeling says NO. On the other hand what is my guarantee that a working tenant will be reliable?