Wednesday, 27 May 2009

Tenant Referencing - How to Do It?

You can either do it yourself or seek help from tenant reference agencies that will check the credentials on your behalf. You must be fully aware of the person you are letting out your property. Seeking help from letting agents could serve your purpose well. They can do it on your behalf by charging nominal fees. Tenants must ensure they don’t furnish false information as on verification, they can be found out. You might risk losing your holding deposit.

If you are a tenant about to undergo reference procedure, you must see to it that:

You don’t have County Court Judgments (CCJs) against you.
You are free from Court decrees, Bankruptcy or Administration orders as it will affect your chances.
You don’t posses poor income to rent ratio.
You have no breaks in employment.
You don’t have any breaks in employment over the previous 6 months (other than your holiday entitlement). As this may cause you to fail. Moreover short term employment contracts are generally not acceptable for referencing purposes.
You posses previous Landlord’s reference

Following these steps will ensure you get through the reference check. This kind of tenant references will ensure that the landlord is provided with all tenant credit report information. It will also reveal the past record of the tenant and help you decide if you should go ahead with letting out your property and avoid loss of rental income.

Get the more information on landlord tenant referencing.

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