Referencing tenants: everything you need to know
The best way to reduce risks when letting a property is by referencing tenants before they move in. Although gut feelings and first impressions count, they shouldn’t be the only thing landlords go on.
It’s worth shopping around for the best option. Some estate agents offer more thorough checks than others. Here’s a breakdown of what to expect when landlords reference tenants with easyProperty.
This blog covers:
- Have they got good credit?
- The previous landlord
- Start referencing — free for landlords.
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Referencing tenants: have they got good credit?
When referencing tenants, a credit check is important. It gives a picture of a tenant’s previous financial behaviour.
Credit checks also search for Country Court Judgments (CCJs). This is where unpaid debts have been brought to court. Landlords may feel less comfortable renting to tenants who have any of these issues.
Using this calculation, tenants should have enough money to pay for rent and utilities (with some left for the odd bevvy here and there).
Referencing tenants: employability
This check delves a bit more into the tenant’s employment. Not only will it confirm their earnings, it will also see if the tenant’s job covers them for the full length of the tenancy.
The previous landlord
This part is often overlooked when referencing tenants, but it might be one of the most important.
Landlords should ask for a reference from a previous landlord or letting agent. It will show if tenants frequently paid rent on time, if they damaged the property, and whether they made repairs if they did.
*Each adult tenant referenced will be charged £49.99.