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Renting a house to a Ltd Company
Innys
Posts: 1,881 Forumite
Hi
I wonder if someone can give me some advice.
I am a landlord and have always let my house to private individuals. However, it is soon becoming vacant and the agent have found a Ltd Company willing to rent it. The Company has only been trading since August 2008.
The agent has not been able to do any credit checks on the tenant Company but their bank have sent a fairly non-committal letter which I think is less than worthless. On the plus side the agent tells me the Company has no CCJs against it...
More concerning to me is the fact that the 1st Annual Return is more than 6 months overdue and the Accounts have not yet been filed, though, admittedly, it still has two months to file them. I have my own Ltd Company which incorporated around the same date and both the return and accounts have been filed.
Of course the agent just wants to make a "quick sale" so his advice is not much use.
Do you guys think I am worrying unnecessarily?
Cheers
A
I wonder if someone can give me some advice.
I am a landlord and have always let my house to private individuals. However, it is soon becoming vacant and the agent have found a Ltd Company willing to rent it. The Company has only been trading since August 2008.
The agent has not been able to do any credit checks on the tenant Company but their bank have sent a fairly non-committal letter which I think is less than worthless. On the plus side the agent tells me the Company has no CCJs against it...
More concerning to me is the fact that the 1st Annual Return is more than 6 months overdue and the Accounts have not yet been filed, though, admittedly, it still has two months to file them. I have my own Ltd Company which incorporated around the same date and both the return and accounts have been filed.
Of course the agent just wants to make a "quick sale" so his advice is not much use.
Do you guys think I am worrying unnecessarily?
Cheers
A
0
Comments
-
If you are concerned, ask for the directors of the company to be personal guarantors for the rent to give you some back up that you will be paid.
You may also have to check with your insurance that the house can be used for business purposes and not just used as a home.No trees were killed to send this message, but a large number of electrons were terribly inconvenienced. - Neil deGrasse Tyson (@neiltyson)0 -
Why not ask the directors of the Ltd co to act at guarantors then do your refs on them?0
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