UK Landlord Forum / Life

So the letting agent has proposed a tenant that is willing to pay 12 months rent upfront, supply references and a guarantor but he has been declared bankrupt..

What are the implications of taking on a bankrupt tenant ?  12 months rent upfront is great but should I be concerned about the tenant being banrupt

It's usually a problem if they're morally bankrupt.

If the Tenant is paying 12 months upfront for a 12 month fixed term AST then your risk is reduced and you can already surmise that a) they are aware of their issue, b) they are taking realistic action to handle it and c) they can obviously still save up (or steal) the amount needed.

That said, if given the choice...

3 red flags here.I appreciate that bad luck can happen,people change.People  may also behave appalingly and leave others owed money.I would not wish to gamble on which of these types he is,so it would be a resounding No from me. .There is a shortage of rental property in many areas,but even so rather a void than a nightmare tenant.

There are thousands of people looking for properties to rent and not many properties to rent.

A bankrupt individual is not the tenant you're looking for.