2010/06/10 01:08:11 PM Irek Posts: 1	I advertised the place to let and was contacted by mr X who was very kin to take it, unfortunately he had accident and having no income, he run into problems and was blacklisted. He has a job since then though. I initially refused but then X proposed that the place can be rented by his friend with clean credit record (i.e. lease agreement will be between myself and his friend). Of course X will stay in my place (not his friend who actually signed the lease agreement) and X will make the payments. In fact, he actually proposed he will sign a debit order so the rent will be automatically deducted by my bank from his account. Now: how safe is this approach? Is there any particular clause that I have to include in the lease agreement? I'd like to add I'm considering to take Hollard's Tensure insurance.
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2010/06/25 12:24:36 PM mjwthorne Posts: 14	My first reaction is to tell you to run. I would insist on both parties singing and made jointly & severally responsible for the property, have both details and put both on TPN making sure that they understand how it works and how it will affect their credit rating, do a full credit check and criminal check. Hollard’s Tensure, I have used this and it works very well, if you have a good rental agent then you do not really need it, but if you are a little nervous it is very good to have, I wish more owners would take it out, and that more agents would be members of TPN.
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