6 Craigton House, Queen Street, Redcar, Cleveland, TS10 1DL
Tel: 01642 487031 Fax: 01642 492351 Landlords – is your ren Predictions for the Rental market in 2011
Predictions are looking very favourable for Landlords for 2011. In its latest report, ARLA is predicting that the STRONG DEMAND FOR RENTAL PROPERTIES WILL CONTINUE IN 2011 WITH THE NUMBER OF PROSPECTIVE TENANTS FAR EXCEEDING THE NUMBER OF AVAILABLE RENTAL PROPERTIES. Coupled with this; it is also predicted that rents are likely to increase in 2011. Four out of 10 Landlords in the private rented sector are planning to increase the rent they charge tenants in the coming 12 months due to the strong levels of tenant demand.
With unemployment set to incr 2011 it’s already proving to be professional Landlord. Whethe or just a small number of renta STAG LTD is urging Landlord protection offered by them thro PARKER STAG LTD who wor leading providers of referencin solutions to the lettings industr in style with a brand new range professional Landlords. Martin Shutt, Managing Direct comments, “Having the suppor such as this gives us the confid about the right level of support
LANDLORDS - DO YOU: MAKE THE FOLLOWING CHECKS?
Check up to 3 credit bureaus for any adverse credit history such as bankruptcy, CCJ’s and court decrees? Check if they have any previous names and addresses which they haven’t disclosed? Check whether there’s any undisclosed credit history which is linked to their current and most recent homes? Check that the banking details provided are for a genuine bank account? Check against a specialist insurer’s own Default Database – this may indicate whether your tenant has not been able to pay their rent in the past. Just so you know – this is a record of any tenants that a specialist insurer have had to deal with for any non-payment of rent or involvement in Rent Guarantee claims in the past? A Financial Sanctions Check to make sure that you tenant isn’t registered to any of the Government’s Asset Freezing lists because this could mean they’re unable to pay their rent in the future? Speak to the tenant’s current Landlord or Managing Agent to ask them for a reference? Speak to their employer to check the tenant is being paid what they’ve told us and that there is no reason their employment will be terminated any time soon? Guarantee to remove the tenant from your property if they fail to pay their rent?
In partnership with Homelet, P provide information to Landlor GUARANTEE which can cove to 12 months, 50% of the rent i after vacant possession has bee new tenant and Homelet will e work as a result of a breach of possession, you don’t incur the
Commenting on rent arrears; M Director said: “No one likes to responsible Landlords should c in order to PROTECT THEIR LIVELIHOOD in the long run solutions after their tenants hav them more time and money in urge any Landlord to consider property against rent arrears w a small premium will go along mind”.
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