What advice can you give a new landlord when a student tenant doesn't pay the rent? | Discuss

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What advice can you give a new landlord when a student tenant doesn't pay the rent?
01/12/2011
5:53 pm
Cardiff Letting Agen
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We found a group of student tenants for a landlord who is new to the student rental market.  The students are on individual tenancies and one was late wityh the rent last month and now this month. 

 

What advise would you give to stop the late payments?

01/12/2011
6:41 pm
Paul Routledge
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Are they on a AST and do you have a guarantor

Paul

03/12/2011
12:02 pm
mary latham
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What you do next depends on what you did at the start of the tenancy.  This is how a tenancy for a group of students should be set up.

1. All tenants should sign one tenancy agreement

2. The names of all tenants should be listed in alphabetical order (they are the “global” tenant) and share all liablities and responsibilities ( known as joint and several )

3. The rent, deposit etc should be listed as one amount for the property

4. There should be no reference to individual rooms, rents etc mentioned in this document or any other that relates to this tenancy

5. If you have concerns that students, or any other tenant, may not be able to cover their financial obligations in relation to the tenancy you should get them to provide a guarantor. You should have a credit and Landlord Referencing check carried out on this person. This person should be asked to guarantee the obligations of the tenant named in relation to the property named

6. You should protect the whole deposit, within 30 days of taking it, in the name of a nominated lead tenant FAILURE TO DO SO WILL NOW MEAN THAT YOU CANNOT USE SECTION 21 OF THE HOUSING ACT 2004

If you have done all of this you now have two options. Ask all the guarantors to pay the outstanding rent (or choose one of them) or tell all the tenants that there is a shortfall in the rent and that this may be taken from the joint deposit at the end of the tenancy

 

Unfortunately you have set this group up on individual tenancy agreements and this means that you only option is to chase the tenant in question and/or his guarantor (I am hoping that there is one?) If this person fails to pay you could go through legal possession procedings but the likely outcome of this is that the other people in the property will be forced to share the bills between a lower number of them and that the room will remain empty because there are very few students looking for rooms at this time of the year – unless you get an overseas student who is on a short course. You might be lucky and one of the other tenants may have a friend.

What would I do?  I would buy a couple of bottles of wine and email the whole group and ask if I can come for a chat.  I would be nice, and remember that they are young, but I would make them aware that there is a shortfall in the rent but not name the person who has not paid.  I would tell them the alternatives and ask for their help. I would not “bully” them or put them under any pressure but I would make it clear that I could not afford to take a shortfall in the rent and that I need them to help me to resolve the situation.

I am speaking as a private landlord and I have let to students for almost 40 years.

04/12/2011
5:43 pm
Rigsby
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Cardiff Letting Agen said:

We found a group of student tenants for a landlord who is new to the student rental market.  The students are on individual tenancies and one was late wityh the rent last month and now this month. 

 

What advise would you give to stop the late payments?

I would advise you to learn your trade and not scratch around for answers on a pubic forum. If I was a landlord and paid you to manage my property then found out you didnt know how to deal with a basic letting issues I would be asking for a refund. No wonder letting agents get a bad reputation.

What do other members think? Or is it just me?

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