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Saturday, September 08, 2012

Do I need a tenant guarantor?

I've just let my apartment!  Result....!  What's more I managed to do it for FREE through Gumtree.  This is the first time I've been successful a letting any property using Gumtree but it proves it can be done.

It did take a lot longer than I expected.  Marketing started about the beginning of July (57 days according to Rightmove) and to take two months to get it let is disappointing.  However, the reasons were clear.....poor presentation: lots of clutter, an overgrown garden and a couple of bits of scrappy tiling.  It's worth remembering that most tenants can't and don't see beyond the 'here and now'.

The tenants are a couple of junior international cricketers.  If I was into cricket I might have been impressed...but I'm not.  My focus is more on the fact that as juniors they are not going to have any sort of a credit history and therefore it's pointless doing a credit check.  This means that I'm going to need a tenant guarantor.  I've spoken to one of their mothers and she is happy.  So we are all happy.

Even better if in the fullness of time they become big cricketing stars.  I've got their autographs on my tenancy agreement.  Sweet!

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