How do I ensure tenants pay the rent every month for the duration of the tenancy?
Firstly it's important that any tenants have been referenced comprehensively. This is one of the advantages of using an estate agent to find your tenants, for example at ludlowthompson we have a database of over 600,000 applicants which allows our tenant referencing and selection to be extremely thorough. We also run credit checks against publicly-held credit files to ensure that applicants have a clean credit history.
Such is the confidence in the quality of our tenant selection, unlike our major competitors we can underwrite your tenancy with our own in-house warranty in the rare event things don’t go to plan. We also have an experienced rent collection team that follows up on any overdue rent, should we be in a position that despite various attempts to contact the tenants to pay the rent, we are unable to take payment from the card details the tenant agreed to store with us.
3rd July 2015
DISCLAIMER: Neither ludlowthompson nor their ‘experts’ take any responsibility for any action or loss incurred by readers of these pages. The reader acts on advice at their own risk. Answers to questions are not exhaustive. Financial advice must always be sought from a professional financial adviser
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