did manage to locate the students and wrote to them
but to no avail and discovered afterwards that this
was not the first time the students had pulled this
kind of stunt.
is only one of many stories that are publicised within
the UK press which adds weight to the absolute necessity
for every landlord and landlady to carry out a comprehensive
is Tenant Referencing?
referencing or tenant checks are a means of validating
your prospective tenant’s identity, income and
employment before handing over the keys. All too often
landlords have been ‘stung’ by tenants
who have not been able to meet the monthly rent payments
or have secured the property under a false identity
only to leave it with extensive damage, a pile of
unpaid utility bills and no forwarding address.
realise this is a worse case scenario but it does
happen and is it really worth taking the risk when
an extensive and thorough tenant referencing check
can be carried out for less than £100?
does a Good Tenant Reference Report Entail?
a landlord opts for tenant referencing via a professional
online estate agent they can expect a thorough investigation
into the tenant’s identity, income and financial
information, employment and previous rental property
good tenant referencing report will, quite literally,
leave no stone unturned and will expose any issues
which could well be a cause for concern.
in depth report will be compiled on the prospective
tenant’s employment, position within the company
they work for, their contract type, salary and length
of time they have worked there.
voters roll will be checked to ascertain the tenant’s
previous address/addresses for the past six years
and the previous landlord will be contacted to find
out if there were any late rent payments, disputes
or damage left by the tenants.
credit check will be performed to expose any CCJs
(county court judgements), late payments or missing
payments and the prospective tenant’s bank details
will also be checked to ensure they do actually have
an account with that particular branch.
agency will also calculate the tenant’s affordability
of the rent amount by multiplying the monthly payments
by 30 and matching this against the tenant’s
income. Under most circumstances the tenant will be
expected to cover the costs of referencing.
Where Can I Obtain a
Tenant Reference Report?
tenant referencing report can be obtained via any
high street estate or letting agent but considerable
savings can be made by opting for the services of
an online letting agent. The cost of tenant referencing
can start from just £90 Inc. Vat per tenant
and remember this is a tenant cost.
How Long Will Tenant
the agent has received all the details for the tenant
or tenants requiring referencing you should expect
to allow around 5 working days for the tenant reference
report to be completed and returned however, the majority
of reports undertaken by lettingaproperty.com are
returned to the customer within 2-3 working days,
The Drawbacks of Self
course a landlord is entitled to carry out their own
tenant referencing and can follow up the prospective
tenant’s allocated referees, contact previous
landlords and even carry out a credit check but there
is still a strong possibility that some vital piece
of information will be missed.
a landlord is still determined to follow through with
the referencing process themselves then it is imperative
that they contact all tenant referees directly. A
written reference can easily be faked or doctored
so a landlord should always obtain all referee contact
details from the tenant and carry out all calls in
peace of mind though it really is advised that landlords
seek professional agents to carry out the tenant referencing
and take the ‘fine toothcomb’ approach
when it comes to every aspect of their tenant referencing
services and provide an extensive, professional and
thorough report every time.