Don’t get caught out with tenants in rent arrears

As a landlord, safeguarding your property investment starts by making sure rent is paid each month. A good letting agent will ensure tenants set up regular payments such as standing orders or ideally direct debits, but in reality the work starts much earlier – by making sure the new tenant(s) can afford the flat.
 
At Cullen Property, we operate some of the industry’s most stringent checking procedures before a tenant signs a lease: 

·        Professionals must earn at least three times their share of the annual rent of the property

·        Students have to provide a UK-based guarantor or pay the equivalent of three months’ rent as a security rent

·        All prospective tenants must provide solid employer and previous landlord references as a minimum and everyone is subject to a credit check

The result? No tenants in arrears, no evictions – and happy landlords.

Whilst across the industry problems with arrears are growing - mostly due to economic circumstances - our managed properties are experiencing continuously high demand from reliable tenants.