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Landords waht do you do when self employed want to rent

chickmug · 2009-07-15 11:35:39

From my point (LL) we have someone asking to rent but who is self employed but has sold his business and is not yet going with the next one. We have a few years accounts, which are fine, which we would normally accept but would you guys talk to his accountant. The accounts seem to be done a by a 'one man band' accountant,…

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Jowo_2 Posts: 8,308 Forumite

16 July 2009 at 1:58AM

Yes, a combination of factors to assess the risk level is spot on. A self-employed person with no demonstrable current income and where their current company is not yet trading is a biggy.

I would not be impressed with any tenant presenting accounts relating to a company that they no longer owned and would be interested in their current cashflow. In this post, they had no cashflow.

Now, if they had netted a nest egg through the sale of the previous company and could pay a sum of rent upfront, that would interest me. But not archived accounts from a company which they had no relationship with - pointless.

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Landords waht do you do when self employed want to rent

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