If I rent a flat from a private landlord, how can I know for sure that he is legitimate?

Question

Is there any proof he can provide? Are there any massive no-no's like handing over cash? I know that they all require holding deposits but I'm worried about getting ripped off. Any advice would be really appreciated.

Answer 1

Never deal in cash and be sure to ask them as many questions as they ask you. If the deal sounds too sweet, be careful.

I can't speak for others, but I only take a $25 check that I use to run their credit/criminal history if I choose them. If I don't pick them I return the check.

Answer 2

Have him show you a copy of his property tax statement.Always get a contract copy and reciept for deposit.

Answer 3

You can check on real estate internet sites to see if he is the owner on title. Just type in the property address. You can get a lot of information about the property - loans, taxes, etc. Also, a realtor may be able to get info. through a title company associate to see if there are any liens or foreclosure activity that should warn you if he is in default and taking your deposit and rent and not paying the mortgage. This could mean you end up evicted by the bank and out your deposit!

Since landlords have the right to view your personal information and credit report, why shouldn't you be able to check them out?

Answer 4

Good to know that you're on the side of caution and not eagar to jump into a new place of your own.

Consider getting help from a pre-paid lawyer; generally you will need help drawing up a good contract to protect you of your deposit/valuables should something unforeseen comes up.

Good luck!  

Answer 5

Don't do anything without a contract, i.e. a lease, and always get a receipt, especially if you pay cash.