Non-payment of rent is always a risk for landlords – even if you carry out extensive tenant checks and insist on references.
There are many reasons why your tenants may fall into arrears with their rent, and not all of them are deliberate or malicious. A tenant could lose their job, for example, or be suffering with their mental health.
However, as their landlord you need to consider how you would be affected by the non-payment of rent. For instance, could you continue to afford the mortgage and other costs related to the property? What about the legal fees if you had to issue court proceedings against your tenant?
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