Covid-19 Bounce Back loans for property businesses16:06 PM, 5th May 2020
About 3 weeks ago 46
I have found a family that I want to rent my house to and they will be claiming the local LHA allowance for a 4 bedroom property in North London. Currently they are in temporary accommodation as they were made homeless due to previous landlord wishing to sell the property they were in.
Now my question is; does anyone know the best procedure to safe guard myself when letting my property to them?
For example my understanding is that we will sign the AST but will not know for certain what rent the council will pay her untill they make a housing benefit claim and I am supposed to go with them when they do this. Is it right that any shortfall will be made up by the tenant as top up?
I understand they have a rough estimate of the claim but its not exact.
In my instance the 4 bed LHA rate is £1,667 per month which the family tell me they should get most of due to their circumstances. My worry was that if I get the AST signed and take their 1 month deposit (which I will safeguard), will I be up sh*t creek if there benefit claim backfires and they dont get it or get much less ???
I really like the family and I dont get any bad feeling from them but that can sometimes be a sign to take extra care!!
Any advice about safety checks or standard procedures when dealing in the DSS/LHA market would be greatly appreciated as I really could do without messing up!
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