- A process where the landlord or the letting agency performs tenants’ background checks which include essential details about what you need to be aware of to make an informed decision about who to let your property to.
Landlords and letting agents need to have trust in their tenants that they will pay their rent on time, respect and keep the property in order and get along with neighbours or others. Referencing makes sure the tenant’s past behaviour in other rented properties has been pleasant and ensures that they can afford to pay the rent, so there is mutual trust during the tenancy.
Landlords and letting agents must ask tenants’ permission to carry out a credit check. If a prospective tenant fails any of their reference checks, the landlord or letting agent may wish to decline the request to rent a property, based on the prospective tenant being a high-risk of being unable to pay the rent.
There are several different forms of referencing that exist to understand the prospective tenant and whether they are suitable to rent the property. Portfolio Letting Experts use a third party to ensure all the necessary information is gathered easily before the tenancy.
- PROOF OF IDENTITY
- PROOF OF INCOME OR EMPLOYMENT
- PREVIOUS RENT AGREEMENTS
- CREDIT CHECK
- HOLDING DEPOSIT
See our landlord services here. If you have any questions of our referencing process, we are happy to help!