New tenant without credit history
The prospective tenant has no credit history in this country. She is an overseas graduate coming to this country to do post graduate studies, (first time away from home) at our local University. We have met her and her parents who seem very nice and straightforward. To overcome the referencing problem our Letting agent is suggesting that we provide a one year lease, (the lady is on a three year course) and that she pays the first six months upfront, now and then goes onto monthly payments thereafter. I would prefer to do a six month lease and then go onto periodic thereafter which I have done successfully with the last student in similar circumstances. The letting Agent is offering to do any future dealings with the Tenant (ie Section 21) for free if things go wrong in the short term due to lack of referencing.
What do you suggest would be the best way to deal with this situation?
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