Landlords 'should assess the quality of a tenant'
22nd Mar 2012
Landlords with properties to rent have been advised on how best to handle tenants still struggling from the effects of the recession.
David Lawrenson, private rented sector expert at Letting Focus, acknowledged that the current British economy means that "things are still going to be very shaky and people's finances are stretched".
Furthermore, he noted that many landlords may have added to the pressure by putting up rent prices too quickly.
"You have to think about whether the tenant can afford it and what the quality of the tenant is in front of you," Mr Lawrenson advised.
The expert also recommended landlords to carry out a check on a current occupier in order to determine their employment prospects and how likely they are to keep up with their rent payments.
Earlier this month, Ed Mead, director at Douglas & Gordon, predicted that prime London property rents will fall in the near future, due in part to a "resurgence" in the buy to let property market.
© Zoopla Property Group Limited