By Arush K
Before letting out a buy to let property to a tenant, a landlord should take care of certain things. Firstly, he should not trust the tenant who has applied for the rental unit. A landlord should not consider a tenant based on the face value. A tenant may seem genuine overtly but he may have deceived his previous landlord. He might have criminal case against him. Therefore, a landlord should always check the tenant's information such as credit details, personal information, employment status, previous landlord information etc.
Credit or financial details - A letting agent is proficient enough to find out a tenant's credit information from a credit report agency. He can find out if a tenant has had any County Court judgement, bankruptcy or arrears in the past. If yes, then he might have adverse credit rating.
Personal information - This information includes address, his name, telephone number etc. There are chances of a tenant providing wrong address and other inaccurate personal details so that a landlord is unable to find out about him.
Employment status - An expert will find out about a prospective tenant's job details from his employer and also interrogate his previous or current colleagues. This will help a landlord find out about the tenant and check if he is on pay roll. For the self-employed, references are expected from an accountant or solicitor.
Landlord information - This information tells if a tenant has maintained his previous rental unit in a good condition and if he has paid his rent on time. They also check if there have been any eviction cases in the past. It also helps one find out if there are any discrepancy in the information.
To allure potential tenants, the agent should be well established in UK and must have a good reputation in tenant referencing field. Always reach out agents who are members of a national letting organisation, such as ARLA. This way a landlord can stay in peace that he has got his tenant information verified from reliable experts.
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