How to avoid
rent arrears
9 Steps To Avoid Rent Arrears
Always run a background check.
1
Always run a comprehensive background check prior to offering a tenancy.
Check references thoroughly.
2
Phone prior landlords for references & specifically ask if the rent was always paid on time and in full. If the landlord was a private landlord, find out if they really owned the property.
Chase payments promptly.
3
If a payment is missed, chase it up the very next day, no matter what.
Nip it in the bud early.
4
Try not to get into reasons or stories. Just politely ask that the rent be paid immediately.
Issue a 14 day notice.
5
Issue a 14-day notice to remedy if the rent has not been bought up to date.
No favours.
6
Remember, allowing your tenant to get into arrears is doing nobody a favour, including them.
Don’t hesitate.
7
Do not hesitate to perform any of the above actions.
Reward great tenants.
8
Find ways to reward a great tenant.