Advice on finding a tenant

admin
December 01, 2011

A private home owner spends a lot of personal time on finding suitable tenants, because nobody wants to deal with criminals or irresponsible residents who can cause damage to property. Also people who want to get out of lease with minimal loss need a reliable person to take over a leasing agreement. In both cases time is the main factor, because a landlord wants to gain money as quickly as possible, so using professional letting agents to find a tenant is a big relief for owners and residents.

To screen a tenant, there are some checks you can do as a private home owner, when the tenant gives a written permission in the application form to do so as part of the prerequisites before the signing a lease agreement.

First of all, you should ask a prospective tenant to provide a copy of his or her ID card or driver’s license and for at least 3 months recent bank accounts. If you get contact information of their current or last owner you will be able to check the reputation of your residents. When you call an employee, you will be able to check the details on the current salary of the tenant and their character and stability within the company. A current or previous owner will tell you if they are good, regular payers as well as any other group where they have a hire purchase agreement. So you can ensure tenants will be able to pay the rent in time. Last but not least ask them for details of a couple of personal references and check them thoroughly.

People noted that “personal references” must provide confirmation of their own addresses as a way to trace the tenant in the future if it becomes necessary. This should help to a large extent, determine if your tenant is a risk before you commit to let move into your property.

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