| When you are running checks on a potential | | | | to help make a decision on the tenant. The |
| tenants it is vital to run thorough and accurate | | | | tenant will need to provide information on their |
| searches to find out all the information you need. | | | | current employer and their previous landlord so |
| There are two areas of tenant checking that | | | | you can get references from both of these |
| need to be addressed in order to create a fuller | | | | parties. The employer reference allows you to |
| picture of what your new tenant will potentially be | | | | confirm that a lot of the information provided to |
| like to rent to. | | | | you by the tenant is correct – like their salary, |
| Tenant Credit Check | | | | contract basis and actual employer. The |
| The tenant will need to undergo a tenant credit | | | | previous landlord reference will act as a way to |
| check. This section of the process is designed to | | | | see how a tenant has acted previous to the |
| look into a person's financial history to see if the | | | | rental they are taking up with you. The previous |
| person in question is responsible with their | | | | landlord reference will show if a tenant paid their |
| money. If you find that a tenant has no | | | | rent on time, if they look after the property to |
| outstanding debts and has a good credit score | | | | the standards expected and if the landlord in |
| then they are more likely to be financially stable, | | | | question would recommend renting to this |
| responsible tenants who will pay you your rent on | | | | particular tenant again. A lot of key information |
| time. If a tenant is shown to have County Court | | | | can be gathered by running simple employer and |
| Judgements on their record, with a history of | | | | landlord references to assess the tenant's |
| bankruptcy and many undisclosed addresses you | | | | suitability for your property. |
| may feel that this tenant is unacceptable to rent | | | | So, its two steps for a full tenant check- a tenant |
| to as they seem to be irresponsible financially and | | | | credit check and a tenant reference. With out |
| will be less likely to pay you on time. The | | | | this information it is hard to know who you are |
| tenants credit check looks solely at the financial | | | | renting to, whether they will pay on time and if |
| aspect of a tenant's life to build a prediction of | | | | they will look after the property entrusted to |
| likely behaviour based on previous patterns. | | | | them. Full and accurate credit checks and |
| Tenant Referencing | | | | references help landlords make smart decisions |
| Tenant referencing aims to look at a tenant from | | | | about good tenants. |
| a more personal view and takes that information | | | | |