Landlords urged to consider rental protection
Landlords are being urged to consider taking rental protection insurance and look at the possible impact on their tenants after George Osborne, the Chancellor of the Exchequer, announced that around 490,000 public sector workers are likely to lose their jobs over the next four years.
A report this week advises landlords to make sure that tenants are referenced correctly at the start of the tenancy agreement to establish that they can afford the payments. They were also advised to ask for guarantors to be named where possible to cover the cost of any missed rent should the tenant default on payment.
October 21, 2010
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