Unfortunately, we cannot blame landlords or estate agents for all our troubles. Yes, we do have good and bad tenants, but there are many incidents where tenants do not comply with the terms and conditions mentioned in their lease.
As a landlord, a good tenant is one who respects the property, advises them on problems such as rent issues, maintains a good relationship with them as well as the estate agent and doesn’t give their neighbours problems.
You can see that I did not mention paying the rent on time or paying the rent at all. This is because when a landlord or estate agent treats the tenants humanly, regardless of who they are, they will feel guilty if they deprive them of their due rights. They will make an effort to pay the rent on time and if any delays occur, they will inform the landlord or estate agent way before the rent is due so that the landlords can make alternative arrangements, especially if mortgage payments are due. I say this from personal experience.
Some people may state otherwise, but the whole idea about renting a property is to make money. It’s true! Do you think landlords or estate agents like to constantly harass their tenants? What people fail to understand is that there could be financial complications due to the inability of tenants to pay their dues. I believe that the best approach is to sit down and have a conversation with the tenant about the situation.
Unfortunately, we are all humans and are prone to problems of all sorts. Tenants sign a contract to respect the terms and conditions but sometimes, certain inconveniences and unfortunate events stop them from doing so. In such cases, a good understanding, professional relationships and effective communication is necessary. Until such an environment is established, it is difficult for the landlord or estate agent to enjoy a profitable return on their investment. Also, landlords or estate agents can find themselves making numerous trips to the court, receive eviction notices, and be at the receiving end of legal proceedings which are lengthy and costly as a result of this non-payment.
For the landlord or estate agent, taking a tenant to court is a lengthy and costly process. There is a loss of revenue in all cases and it is unlikely that they will be able to recover the funds which go into this.
As for the tenants, they are blacklisted and lose their deposit. Worst of all, they can get a CCJ registered against them: Their credit file is dented for 6 long years and they cannot be issued a credit card, loans and other forms of banking services.
