If you have never let your property to a disabled tenant before, you may be surprised to hear that our clients often present the most secure option as renters, particularly in this uncertain economic climate.
As the furlough scheme comes to an end and many landlords are concerned about tenants paying their rent (and how you will evict them if they can’t), it is worth noting that a number of disabled tenants do not have jobs to lose.
Instead, many of them have had funds awarded as part of an accident or injury they have suffered, which are held by their legal team solely for the purpose of the rental.
The problem is that reference agencies often struggle with this lack of income. One ‘solution’, and I use the term warily, is to ask for many months’ rent upfront and sometimes a solicitor guarantee on top as security.
But this doesn’t meet the needs of all sides and in any event it just isn’t possible in the majority of situations. Most landlords want assurances that the funds are not going to dry up and the property is going to be looked after.
That is where we come in and in the majority of situations we remain on hand throughout the tenancy to assist the managing agent in ensuring everything runs smoothly.
Our experience working with disabled clients means we can ensure the tenancy agreement is in the best interests of all parties, giving you as a landlord the reassurance you require. We understand that ensuring your investment is well looked after and your interests protected are critical.
We have clients across the country in urgent need of rental accommodation. These are extremely stable tenants as they typically rent for a couple of years while their forever home is identified, purchased and adapted, rather than moving on every few months.
Do bear us in mind if your property is empty and might be considered disability-friendly, or your tenants are moving out soon. Don’t worry about any adaptations that might be required – our in-house architectural team will handle these, and any reinstatements, in a sympathetic way.