| The late paying renter | | | | you can work out if the rental is affordable for |
| The late paying renter is the tenant who does not | | | | the tenant. IF a tenant is on a contract basis then |
| pay on time, messes up your mortgage | | | | there is no guarantee that other contract work |
| payments and who eventually, may be subjected | | | | will be found. Referencing your tenants employers |
| to an expensive, stressful and time consuming | | | | will verify all the information you need. |
| eviction. Tenant referencing can help you identify | | | | The fraudulent renter |
| the late paying tenant with a previous landlord | | | | No-one wants to rent to a fraudulent renter. |
| reference, it is possible that the tenant has done | | | | Running all the proper tenant credit check and |
| the same to a landlord before. You will also be | | | | referencing will help landlords identify which |
| able to see if the tenant already has any | | | | tenants may be fraudulent. Firstly, the tenant |
| outstanding debt from the credit report. If this is | | | | credit check will match a tenant's information to |
| the case then they are less likely to pay you on | | | | the electoral register, and this will verify the |
| time as they have a history of debt. | | | | tenant's identity. If you do not credit check your |
| The County Court Judgement (CCJ) | | | | tenant you run the risk of renting to a fraudulent |
| A tenant with CCJ's on their credit report should | | | | tenant and a multitude of other issues. Always |
| set off some alarm bells in any landlords head. | | | | make sure the tenant has shown you the |
| CCJ's indicate that a tenant owes money to a | | | | appropriate ID and take copies. |
| creditor and has failed to pay them back on time; | | | | The destructive renter |
| the CCJ is a record that the tenant has been | | | | The destructive tenant is a worst nightmare for |
| summoned to court to settle this debt. A tenant | | | | any landlord and also for insurance companies. A |
| which has debt which is out of control or not | | | | tenant who does not look after the property |
| being paid back shows a tenant who is financially | | | | properly, who is unclean and may have secret |
| irresponsible and less likely to pay a landlord on | | | | pets can cost a lot of money to tidy up after. |
| time. | | | | Taking detailed previous landlord references can |
| The tenant who is not truthful about their job or | | | | help to eliminate the possibility of renting to these |
| salary | | | | types of tenant. A previous landlord reference |
| It is vital for a landlord or letting agent to | | | | can let you know if the tenant looked after the |
| understand what the person you are renting to | | | | property, if they had pets and if they would be |
| does for a living. You need to be able to verify | | | | recommended. A previous landlord reference can |
| that the job and salary are correct and what | | | | really let you know what you are in for. Another |
| basis the tenant is employed in. An employer | | | | tip; if you suspect that your tenant may not be |
| reference will enable a landlord to gather | | | | looking after your property then run frequent |
| information on a tenant's employment. You will be | | | | inspections and make friends with the neighbours |
| able to find out if a tenant is on a full-time, | | | | who could alert you should they have any |
| part-time or contract basis, how long the tenant | | | | concerns. |
| has worked and the exact salary. From the salary | | | | |