UK Landlord Forum / Life

Hi All,

Having used a letting Agent up until now for find a tenant and rent collection I have decided to go it alone!

I have one property that used to be my home which I now rent out. I have a tenant in there who really looks after the place and wants to stay, she has been there almost a year.

So, I have been reading up on my responsibilities and researching rent payment protection.

My question is how do I do credit checks on someone and in addition to this how do I deal with the fact that she had to have a guarantor ?

The current tenancy agreement runs out 2/11/2015 so I have a bit of time but my mind is boggling at the moment with all the things I need to sort out.

Any help would be much appreciated.

Thanks

You want to credit check your existing Tenant?

Quote from: Hippogriff on October 02, 2015, 07:52:45 PM
You want to credit check your existing Tenant?

And you think a tenancy runs out?

Me thinks you need to do alot of reading prior to 'going it alone'

As well as a credit check maybe you could write to their current landlord and see if they are up to date with the rent?

Barty08... forgive us, but the idea is that you credit check someone before you agree a tenancy and hand over keys to your valuable asset... it seems a bit pointless to be doing this kind of check on someone who's already there... what if she fails? Is that making sense to you?

I would gladly rent a property out to someone with a terrible credit rating..................................as long as they'd proved to me, maybe by paying their rent to me in full and on time for many many months first.  I wouldn't rent my house out to someone with a terrible credit rating.

Barty08

Do you want to do a credit check so that you can get the ("rent payment protection") rent insurance?
Do you mean when you say that the agreement "runs out" you are at the end of a fixed period?
Do you know what happens to an assured shorthold tenancy at the end of the fixed period? Use the Internet to find out.
Is your concern that this tenant that has so far paid the rent(?), wants to stay, looks after the place and has a guarantor is all of a sudden a bigger risk?
Why?

Perhaps you need to provide some more information as it is unclear why you need the rent insurance..