Learner2015
Registered User
- Messages
- 199
It's a sellers market at the moment. I'd strongly consider looking for three or four months rent as a deposit. Good way to eliminate the messers.
And the "non messers". Who do you think has spare 7k lying around to give to landlord in blind faith?!
As far as vetting tenants goes, I have always felt that the ability to provide a deposit tells me more about a prospective tenant than any reference, which is really just a bit of paper.
References are only useful if properly followed up. If only seen as a piece of paper then yes I agree, they are useless.
As an aside, I don't think landlords (and speaking as one) should be taking advantage of the current rental squeeze to get substantially increased deposits.
At least the house isnt going to disappear into thin air!
From your post you obviously take good care to follow up thoroughly on references. Where does this leave the tenant who is unemployed or does not have a bank account..
No it isn't but tenants have progressively got stronger legal rights versus landlords. Nowadays a tenant can simply stop paying rent and refuse to move out. It would take the landlord significantly more than 3 months to get an evection order.
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