Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Checking the Credibility of Tenants; Initial Test, Identity, Verification of Employer, References and bank statements.

By Graham Lamont Subscribe to RSS | February 15th 2012 | Views:
loading
 
  



A landlord must carry out a thorough research on the tenant before handing him the keys. You should not be hesitant in asking him relevant questions and ensure whether the information provided is true.

The initial test

First of all you must give the prospective tenant a list of information that you will need regarding the tenant. You should always ask him to provide it himself and also bear all the expenses incurred in getting this data. This is the very first step and will put off all the fraudsters as such people always pick for a softer target.

Tenant’s identity

The next step is, making sure who the tenant is? Make sure that the information he is providing about him is correct. You must always ask the potential tenant for a recent photograph of his along with a photocopy of his passport and you must always hold on it it just to be on the safe side. If the tenant is outside of the European Union then you must also ask for his work permit or visa. As these is the basic legal documentation.

Verification from the employer

This is another important step to check for tenant’s credibility. Whether he will be able to pay the rent or not? Hence you must ask him to provide a letter from a senior officer at his place of work. This letter must provide the time period for which the tenant has been an employee, the type of employment contract; whether it’s permanent or temporary and also his salary.

This letter is not enough. To be very safe you must never rely on the letter alone. You should call the place of work and ask to be put through the relevant person and talk to him to verify the data in the letter.

Reference from the previous landlord

A letter from the last landlord is also important. This should detail the time frame of the tenancy period, amount of rent and if it was always paid on time and comments on tenant’s reliability, trustworthiness and honesty. It is possible that he might lie to get rid of an unsuitable tenant. So it is advisable that you ask him reference number of the landlord before him and contact him to confirm.

Bank statement

You should ask the tenant for his last three months of bank statement. In the statement you can double check his employment by seeing that money is coming in from the employer.

Graham Lamont - About Author:
Graham Lamont is a marketing officer for Greenlet, property lettings website in Edinburgh. If you want more information on property to rent in edinburgh, please visit let in edinburgh.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/checking-the-credibility-of-tenants-initial-test-identity-verification-of-employer-references-and-bank-statements.htm

Related Business Articles Subscribe to RSS

Profitable property ahead in Gurgaon
Published by Atul Sharma on June 18th 2012 | Business
The article is based upon the real estate properties in Gurgaon. You can draw lot of information on ...
 
Incredible returns on investment in commercial property in Mohali
Published by Deepti on March 23rd 2012 | Business
Undoubtedly real estate Mohali has witnessed tremendous growth and development in the last few yea...
 
Investment property- the best of investment options
Published by Julia Roger on July 18th 2012 | Business
Experts feel when it comes to finding the best bmv deals, all that matters is the timing of selectin...
 
Temple Realtors offer specialized services related to property transactions
Published by Rori Lyn on March 2nd 2012 | Business
If you are planning to sell the house then the very first thing you would like to know is how much y...
 
Do you require Building Surveyors to help with a property purchase?
Published by on June 16th 2012 | Business
Buying a new home or business premises is one of the biggest financial decisions people can make, an...
 
Do you want to buy a property in Florida?
Published by Harry on June 27th 2012 | Business
Levitan realtors are one of the realtors that can assist you in finding suitable homes for sale in N...
 
How to choose an area when searching for property to rent in Edinburgh
Published by Ann Clark on April 19th 2012 | Business
This article is concerned with pointing out all the relevant factors that you must take into conside...
 
Patents South Africa protect your intellectual property
Published by on June 19th 2012 | Business
Call a patent attorney that specializes in Patents South Africa and they provide you with peace of m...
 
Garden Side Gates could help make your property more secure
Published by Angie Turner on June 18th 2012 | Business
Security is a key consideration for any homeowner who wants to make sure that their property is...
 
Add value to your property with a superb extension using the very best architectural service London at Just Extend Your House Ltd
Published by James Blee on July 27th 2012 | Business
We are all well aware that the economy in the UK is at an all time low, credit and disposable income...
 
Letting property to student tenants in Edinburgh
Published by Carol Riley on March 12th 2012 | Business
There are number of student tenants in Edinburgh. If you want to rent out your property to students ...
 
Rpm Management- the best way to maximize income from property
Published by James Blee on May 15th 2012 | Business
If you are into the business of real estate or you own a real estate which is large in size then you...
 
Mini self storage Beale AFB: vital to safe property from climates & other difficulties
Published by Erleroadself on November 30th 2011 | Business
Since Mini self storage Beale AFB is essentially helpful for individuals who are planning of moving....
 
Getting the property valuation
Published by Sara Phelps on December 12th 2011 | Business
If you want a home buyer report a chartered building surveyor or general practice surveyor will offe...
 
Why destin florida homes are best and great choice for buying property
Published by Dany on May 11th 2012 | Business
If person wants to buy any property in Destin Florida then person should read this informative and w...
 
A Real property and unique property
Published by Rosy on August 16th 2012 | Business
The Montreal assets Blog is concerning this market conditions in Montreal and also the neighborhoods...
 
Take hold of the best property in Mohali at affordable rates
Published by Deepti on March 30th 2012 | Business
Mohali is attracting individuals from all over India now, be it the investors for the commercial inv...
 
Mohali property – the best place to make investments
Published by Ravinder on November 28th 2011 | Business
Mohali, in the recent days, has emerged as the hot favorite destination for property investment. The...
 
Construction and Real Estate Litigation firms- a helping hand in property disputes
Published by Robert Doran on January 18th 2012 | Business
The article mentioned above discusses about the construction and real estate litigation firm. It als...
 
Property dealers Mohali to help buyers find the best property at lucrative price
Published by Deepti on April 12th 2012 | Business
Real estate market in India is witnessing a remarkable upsurge all over India, though there are stil...