12 Apr

Buy-to-let property investors 'should conduct tenant checks'

Buy-to-let property investors 'should conduct tenant checks'

People who choose to invest in buy-to-let properties in the UK should make sure they go through tenant checks before letting them out.

This is according to the National Landlords Association, which warned that a failure to do so can result in problems for such homeowners.

David Salusbury, chairman of the organisation - which is a representative body for private residential landlords in Britain and claims to represent over 19,000 members - said background checks on potential renters is not an optional extra.

He added: "If a potential tenant has a track record of not paying their rent or states they are employed when in fact they got sacked, the landlord should know."

The expert went on to note that buy-to-let investors cannot afford to make the "costly mistake" of failing to check on people's ability to pay the rent.

Tenant checks include such things as employment references, County Court judgments and bankruptcy and insolvency searches, among other things.

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