Discovered my tenant is a bankrupt

You are here : Member Forums Possession - Section 8 and Section 21 Discovered my tenant is a bankrupt
This topic has been locked as no posts have been made within the last 90 days.
Tony D
13 Posts
0 Thanks
I have a single male tenant, recently divorced I think with two kids. He is on an AST, starting 7th Jan 2011 and due to finish on 6 July. I got him through a letting agent who credit checked him end of December. He is a good tenant who has paid the rent on time throughout, and I recently signed a new six month AST with him (the RLA version), due to start on 7 July.

I received a letter from the court insolvency service today informing me he was made bankrupt on 7 March. A shock to me!

This raises many questions for me...
- Should the letting agent have picked up a problem in December?
- If so, do I have redress, should things go wrong later?
- Legally, should he have informed me when he was made bankrupt?
- Am I allowed now to withdraw the new contract? It is signed by both parties but not yet started.
- Could the insolvency service force him to redistribute his cash so he starts having problems paying the rent?
- What are my rights if they want to visit the property to check/collect his assets (ie send in the bailiffs)?
- In your experience, if a previously good tenant is made bankrupt, do they tend to stop paying the rent?

Anything else I haven't thought of?!


02/07/2011 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page