Tenant selection Flashcards
1
Q
Use of rental deposits
A
Personal to the tenant
Must be legally documented in a rent deposit and money held in a separate bank account
Interest to tenant
Agreed terms
Details of release mechanism to be stated
2
Q
What can a rent deposit include
A
Top up mechanisms for rent review uplifts
Separate deed personal to the tenant
3
Q
What are the usual requests for tenant selection
A
Bank, accountant and 2 trade references
Previous/existing landlords reference
3 years audited accounts/business plan/credit rating
