subject: Benefits Of Reaching Out To A Professional Tenant Reference Agency [print this page] Do you think a landlord can vet a potential tenant with out any ones assistance? If he finds a candidate for his rental space how can he be assured of timely rental payments? Isnt it tedious for a landlord to assure if the details provided to him are 100% accurate? What can he do?
Simple, you can reach out to a professional tenant reference agency in order to find a potential candidate to your buy to let property. The agent will not only find a candidate but will also help you cross verify all the details provided to him. It could be the personal details, employment status, credit scores, previous landlords information, criminal records etc. All these are essential in order to guarantee that what ever the prospective candidate says is 100% accurate. More over, the landlords rental property and rental income both are at risk. Therefore, it is essential to make sure that all the details are cross verified and he makes his rental payments on time. The person who uses the landlords property must maintain the property in good condition. He should have some moral responsibility towards it.
Be it a landlord or a tenant, they both have some rights and some duties to execute. The owner must get a renters agreement signed so that in case there is any breach of contract, he can claim the money from him legally. A reference agency will also have rent on time and rent guarantee insurance. In case a tenant defaults on rent and a landlord has to take any legal action against him, he will be reimbursed all the legal fees by the agency itself. Once, you make use of their services, it is their responsibility to make sure that the rent is paid on time. Renting your house is a not an easy task to do. You never know whether youll be able to adjust with your tenant or not. You need to find out a good tenant who can treat your house like his own.
The agency will also check for:
- Anti fraud cases
- Criminal cases
- Any arrears, loan defaults or bankruptcy, ccj filings in the past
- Employment status
- Previous propertys condition
- Information on previous rental payments etc.
Every thing related to the rental property including the terms on the basis of which you rent your house should be written in the lease. This way, you can be sure of getting things done the right way!
by: Arush Keerthi
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