All Topics / Help Needed! / Renting residential property to a company – credit check

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  • Profile photo of Ol PaintingOl Painting
    Member
    @ol-painting
    Join Date: 2003
    Post Count: 123

    A mining company is interested to lease my house. RE checked their rental credit history – it did not show any. RE recon it is a good and I must approve them. It’s a good deal and lovely people. But is not is not enough info?

     

    If there any other checks I can run?

    May be get director’s warrantee?

     

    Any recommendations will be much appreciated

    Profile photo of IP FreelyIP Freely
    Member
    @ip-freely
    Join Date: 2008
    Post Count: 353

    If they are a company, they may be leasing an office somewhere? Do they have a parent company? Where is their head office/sub-branches? Who is their landlord and what is their rental history? Has the agent run a company search?

    If you can't get this information, then a few trade references should suffice.

    (Company searches etc are used for commercial properties and generally unnecessary for residential, they would also be at your expense).

    Profile photo of DWolfeDWolfe
    Participant
    @dwolfe
    Join Date: 2009
    Post Count: 1,253

    https://www.propertyinvesting.com/forums/property-investing/help-needed/4334684

    HI Ol Painting,

    See the thread above it has some links you might find useful, sorry very lazy today!!

    D

    DWolfe | www.homestagers.com.au
    http://www.homestagers.com.au
    Email Me

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    You could ask for director's guarantees, but whether they agree or not is a different matter. It would be expected of a small company, but not larger ones.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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