Hi,
I've had my first tenant do a runner. The IP recently became vacant, and was filled straight away. The tenant did the usual thing and paid 2 weeks rent, and bod etc etc.
Then it all went pear shaped.
It turns out that they broke up, and both decided to move out without contacting my PM. It took me to notice the missing money from my statements and contacted the PM.
So 7 weeks behind rent, and they were finally found to have abandoned the IP. Obviously the bond doesn't cover this much missing rent.
So where do I stand? Should my PM be responsible for the missing rent? She says she will take them to court etc etc, but what are the chances of seeing any of this?
This is the first time in this situation, so not sure how it all usually plays out. The PM has been great for the past 4 years, so a little disappointed with it all.
Cheers.
I've had my first tenant do a runner. The IP recently became vacant, and was filled straight away. The tenant did the usual thing and paid 2 weeks rent, and bod etc etc.
Then it all went pear shaped.
It turns out that they broke up, and both decided to move out without contacting my PM. It took me to notice the missing money from my statements and contacted the PM.
So 7 weeks behind rent, and they were finally found to have abandoned the IP. Obviously the bond doesn't cover this much missing rent.
So where do I stand? Should my PM be responsible for the missing rent? She says she will take them to court etc etc, but what are the chances of seeing any of this?
This is the first time in this situation, so not sure how it all usually plays out. The PM has been great for the past 4 years, so a little disappointed with it all.
Cheers.