If you want to get your phone ringing off the hook next time you advertise a property to let just add the words “DSS Tenants and Pets Considered subject to guarantees.”
In this readers letter yesterday several landlords shared their horror and dare I say naivety of the law in some of the comments they left.
It is not a criminal offence for a person not to pay their rent, no more so than refusing any other household bills, perhaps with the exception of taxes. You will not go to prison for failing to pay your gas or leccy bill, nor your phone bill.
Yes, you stand a good chance of damaging your credit history if you don’t pay your bills and in extreme cases you may even be declared bankrupt but off to prison you are NOT.
Like it or lump it, they are the rules we all play by.
Therefore, if you are worried about letting your property to a tenant who might not pay their rent or might damage it or have a pet that damages it you have three choices:-
- Refuse to let your property to them
- Take the risk and suffer the consequences
- Protect against your risks
So how can landlords protect themselves without saying NO to DSS tenants or tenants with Pets?
PS – You can arrange referencing of guarantors and 12 months rent guarantee insurance for less than £100 these days.
PPS – tenants with pets and DSS tenants who can get guarantors tend not to move out. They pay their rent and stay pretty much forever! WHY? because they can’t find another landlords that will take them, that’s why
About Mark Alexander
Mark and his family have been investing in property since 1989, initially in the Norwich area but more recently across the length and breadth of England. Mark created Property118.com as a social network for landlords with a vision of becoming the UK's best respected online property community. Mark is also a freelance internet marketing consultant to law firms Email - email@example.com