1 in 3 landlords don't check tenants

It has been claimed that landlords are taking unnecessary risks by not vetting their prospective tenants.

New figures show that 32 per cent of property owners do not carry out a check of future renters, while 22 per cent said that they only do so occasionally.

Paragon Mortgages advises that with unemployment increasing and households under mounting financial pressure, landlords should minimise risks, rather than leave themselves wide open.

John Heron, the company's managing director, says: "Landlords would not buy a property without making the necessary checks, so why would they let somebody rent a property without carrying out a comprehensive assessment first?"

He says that carrying out a thorough tenant assessment should be part of a landlord's "everyday business plan".

Earlier this month, Norwich Union said that landlords increasingly have to deal with their properties being used for cannabis farming, with the insurer having to settle around 60 residential claims totalling over £1 million in 2007.

Written by Christopher Evans

  • Landlord Services News: Check your tenants with our Tenant Checking Service

Published on: February 24, 2009

Did you like this article? Share it!