Tenants should ask their potential landlords all significant questions before signing a contract ...
Tenants should ask their potential landlords all significant questions before signing a contract - but landlords should also do the same. After all, one of the most important parts of being a landlord is ensuring that you find the right tenants for your property: nobody wants to take in the tenants from hell.
But how do you know what they'll be like before they move in? Here at Belvoir Sutton Coldfield, we've put together a list of five key questions to ask before you sign on the dotted line...
1. How many people would be living here?
It may be a couple that visits the property, but you could find that they move others in too. By asking the question, you're covering your back; ensure a maximum of two people per bedroom, and keep numbers down to reduce wear and tear.
2. Why are you moving?
The answers to this question can be telling. Is it simply that they want a bigger place or a more convenient location, or are there red flags, such as arguments with their previous landlord or being evicted? Finding out the answer to this question early can save a lot of hassle down the line.
3. What is your work situation?
Here, you want to ensure that potential tenants will be able to afford the rent each month. If they're in a brand new job and still in their probationary period, or are doing contract work, proceed with caution.
4. Will you have the first month's rent and deposit available?
If the answer is no, say no. Some landlords may use their discretion, but negotiations could then become commonplace down the line, leaving you out of pocket.
5. Will you be able to provide references from your employer and former landlord?
If they say no, you may need to worry: what do they have to hide? References from such trusted sources will help you to understand the type of people your potential tenants are, their reliability and whether they will be able to afford the property.
By asking these questions before contracts are signed, you could save yourself a lot of hassle and expense further down the line. If you're interested in finding out how we can help you to let your property to a reputable tenant, contact us.