In the present housing market there are many people who are looking for rented accommodation. However, a proportion of these people will be applying for properties that are at the top of their budget with little room for any unforeseen expenses. Referencing tenants is therefore advisable as this will give the Landlord a good indication that the tenant/s can afford their property."
It is also a good idea to ask tenants to fund referencing for the following reasons:
1.It is unlikely that a Tenant will pay an administration referencing fee if they know that they are going to fail their reference; so this naturally removes some from the selection process.
2.The rental of a property can be speeded up because tenants in general tend to react more quickly to requests for information when they have invested in the process.
3.An administration fee acts as a holding deposit. It secures the tenant’s interest in the property and deters them from applying for multiple properties.
Openproperties is able to provide you with two ways of referencing your tenant that will enable you to make a educated decision on the standard of tenant you have for your property.
Do it yourself: By clicking through to our documents section where you can buy and download our comprehensive range of referencing documents
Or, Let us do it for you: A credit check generally highlights any previous bad credit history of the applicant. It gives an overview of the applicant's credit history including any unpaid loans or bills. When OP makes an application to the credit check agencies for a tenant; the tenant will be subject to an administration referencing fee of £30
Fill in your details below and we will get a quote from our assigned credit agencies for your prospective tenant.