Landlords, be Diligent - Credit Reference your Tenants!
It goes without saying that the economy is on its back foot and with
National employers such as Woolworths, MFI, Land Rover and BT making
redundancies across the country, Landlords need to be extra diligent
before signing on the dotted line of the Tenancy Agreement.
Source: J. Daines - LettingaProperty.com
So before you go ahead and sign up your tenant there are a couple of things you should be looking at to try and build a profile of your tenant and even though I would always recommend a credit check on your tenant, there are other ways to weigh up the likelihood of whether you have a “good tenant” or not.
These are the steps I would take with all my tenants:
1 ) Credit Check - Ensure that your tenant(s) provide you with an up-to-date credit check. The tenant can visit , even though you just want the property let!
About the author
www.LettingaProperty.com, a property search portal and information
guide dedicated to the letting Industry. Advertising Letting Agents and
Private Landlords’ Properties to Let to thousands of Tenants every day.
Tags: co director, credit check, daines, dotted line, Economy, jonathan, land rover, letting agents, likelihood, mfi, national employers, private landlords, property search, redundancies, search portal, tenancy agreement, woolworths