UNSURE LANDLORD

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Hi this is my first time as a landlord, I have taken 18 months to refubish a beautiful property, in Swansea South Wales. The agents I employed to advertise my property have after 6 weeks and a drop in rental value, from 1450. per month to 1299 found tennants for my property. Unfortunatley after a credit check, it seems his income does not meet the credit rating it should. However, he is willing to give a 3 months upfront deposit and the bond of 1500. My agents have said they would give him a 3 month contract, which when he received the money from a recently sold property of 1500.000.00 he can then pay another 3 months upfront. As much as I would like to trust the tennants,he could leave after 3months, and I would have the same costs of brining the property back up to standard ie re painting through out etc.
What further securtiy would you suggest I ask for?
Christine Adams
ps my daughter recomended you saying you were tip top.
26/09/2007 00:00

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