Tenant Referencing: What's involved?
Tenant referencing is an incredibly important aspect of any letting agent’s service and at DABORACONWAY we take it very seriously. So when you are looking to rent an apartment or house, it is important to make preparations and look at how you can start to rent a property. We'll take you through this short guide of getting prepared, from a letting agents checking process point of view.
All Landlords experience budgetary pressures and void properties and the best way to avoid these is to source reliable tenants via a thorough vetting process.
Tenants can often feel under the microscope and surprised by the level of detail in a proper referencing process so it’s only fair that we at DABORACONWAY are upfront about what we require.
We use a healthy mix of valid background checks and years of experience fuelling our “gut instinct”; this makes us the best choice as letting agents in South Woodford and our letting agents in Winchmore Hill.
What do Lettings Agents Check when Referencing?
Initially, we’ll want to find out a little about the tenant themselves; their employment record, renting history and why they are interested in this particular property. Will they have a long commute? Why have they left previous properties? How long have they rented for in the past? All of these are really important questions and are a precursor to the formal screening process.
These are crucial checks as they tell us whether someone is likely to be able to afford their rent. Credit history, CCJs, income levels, employment status, job title, all of these are important indicators.
Some of this falls out of the credit check information, but this is a profile we generate based on stress tests to make sure the rent you set is affordable for the tenant. This may include the need for a guarantor which we can discuss in person in more detail.
Right to Rent Checks
These are so important for any landlord as fines can be imposed if these checks are not carried out. Tenants maybe asked to provide:
- A British passport or National ID Card
- A non-British passport including indefinite leave to remain in the UK
- A certification of naturalisation
- A Home Office certificate or residence permit card which shows residency status
At DABORACONWAY we will check the validity of these documents and take a signed and dated copy of them. We will carry out follow up checks if they are required. Click here for our frequently asked questions.
Posted on: 11 August 2021