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Tenant Referencing for landlords

Your properties represent an investment, and it’s protection
begins with finding good tenants

What is Tenant Referencing?

Tenant Referencing is the process of conducting pre-tenancy checks on your potential tenants and their guarantors before granting a tenancy agreement. The process will provide a snapshot of an applicant’s current financial circumstances which will help you decide if you wish to proceed with a tenancy.

Most tenants will not cause any problems during their tenancy. However, some will. From Consistently paying the rent late to damaging your property or causing issues with neighbours. All of this can make life for you very difficult and could end up costing you money through eviction fees & legal costs.

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The Importance of Tenant Referencing

Time-consuming task

You can conduct your own Tenant Referencing however this can be a time-consuming task, which if done incorrectly, could end up costing you

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Costs to evict

On average, it can take between seven to eight months to evict a tenant. During this time it is likely the tenant would stop paying their rent & you would incur the costs to evict

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Protect your investment

Having a referencing partner you can trust, is the first line of defence for any landlord to ensure their investment is protected

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Tenant Referencing includes

At LetsInsure, we have developed an in-depth Tenant Referencing process that gives you a detailed insight into your prospective tenants before any financial agreements are issued. Our background checks determine and verify crucial information, including:

FAQ’s

How does the Tenant Reference process work?

You set up the reference on our online system. We send a Tenant Referencing form to the tenant and their guarantor outlining the information we require to support their reference. You can login anytime to review the progress.

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How long does Tenant Referencing take?

Average turnaround time is 48 hours however this is heavily dependent on the tenant accessing our forms and providing us with the information we need.

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How much does Tenant Referencing cost?

Cost per reference is £16.99 + VAT per reference. One tenant and one guarantor reference would be two charges. what happens after Tenant Referencing Once we have completed the reference, we will send you a recommendation report with our finding. It is still your decision if you proceed with a tenancy

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Is Tenant Referencing a legal requirement?

Tenant Referencing is not a legal requirement to grant a tenancy in the UK. However assessing the suitability of your tenants prior to issuing a tenancy agreement is highly recommended.

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Who needs to be referenced?

We recommend anyone over the age of 18 that is named on the tenancy agreement is comprehensively referenced

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Tenant Referencing and rent guarantee

All passed applications with us will automatically qualify for rent and legal protection

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