What do I need to know about renting to unemployed people?Make Text Bigger
As a landlord who has always rented to employed people, the prospect now is that I will have tenants who either become unemployed mid tenancy or who are unemployed already as they apply to a new tenancy. What are the actual pitfalls and watch points?
I know many landlords avoid tenants claiming benefits as a rule, but given the current situation with many decent tenants having their income slashed, we may not be able to. What are the actual issues with this source of a tenant’s income?
Also, does rental income protection insurance cover all of this, or is that a minefield of exclusions, just like my travel insurance has proven to be in the last few months?
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