Student Landlords Urged not to Jump the Gun

11 September 2012 Categories: News

Student Landlords Urged not to Jump the Gun

With the new academic year just a few weeks away thousands of student landlords are desperately trying to market their properties and secure full occupancy for another year, but Landlord Assist, the nationwide referencing company, has urged landlords not to start student tenancies without thoroughly checking references first.

According to Graham Kinnear, managing director of Landlord Assist, too many landlords take the first students to show an interest in their property, only to find at a later date that they default on their rent and no have private income to help them make amends. Some student landlords even agree to a new tenancy without asking for the details of a suitable guarantor.

Commercial director at Landlord Assist, Stephen Parry, added “Although many landlords may be starting to feel the pressure because the new term is only a few weeks away and they have yet to secure a tenant, it is essential to consider the tenant’s position.

They are a few weeks away from a new academic year at a college or university which is unlikely to be in their home town and they need to secure accommodation as quickly as possible. The request for a guarantor in such circumstances is unlikely to be a deal breaker but will certainly help to ensure a smoother tenancy and prevent disputes.”