Finding a reliable tenant involves several steps and considerations. Here are some guidelines to help you ensure you have a reliable tenant:
Advertising and Attracting Tenants:
Create an enticing and accurate listing: Highlight key features, location, and rental terms of your property in your advert.
Use reputable property websites and platforms: Websites such as Zoopla, Rightmove, or SpareRoom are popular for finding tenants.
Tenant Screening and Verification:
Conduct thorough background checks: Ask potential tenants to fill out an application form, including their personal details, employment history, and references from previous landlords or employers.
Verify tenant information: Check the references provided to confirm the tenant's rental history and employment details. You can also look at their financial stability via a credit check.
Request proof of identity: Ask for identification documents, such as a license or passport to verify their identity.
Arrange a meeting: Once you have screened potential tenants and shortlisted them, schedule a face-to-face meeting to assess their suitability.
During the meeting, ask questions about their lifestyle, employment, income stability, and reasons for moving. This helps you gauge their reliability and compatibility with your property.
Rental Agreements and Legalities:
Prepare a comprehensive tenancy agreement: Clearly outline the terms and conditions of the tenancy, including rent amount, payment schedule, length of tenancy, and any restrictions or obligations.
Ensure compliance with the law: Familiarise yourself with the relevant legislation, such as the Housing Act, to ensure your tenancy agreement meets legal requirements and protects both parties rights.
Regular Communication and Maintenance:
Maintain communication: Encourage your tenants to report any maintenance issues promptly and address any concerns in a timely manner.
Conduct periodic property inspections: Regularly inspect the property to ensure it is being well-maintained and to identify any potential issues early on.
Prompt Rent Collection and Financial Stability:
Clearly communicate rent payment expectations: Clearly outline the tenancy agreement's due date, payment method, and consequences for late payments.
Set up a reliable rent collection system: Consider using direct debit or standing order to ensure rent is collected automatically and on time.
Monitor payment consistency: Regularly check rent payments and address any issues quickly. Consistent and timely payments indicate financial stability.
Remember, it's essential to follow the relevant laws and regulations while screening tenants and managing the tenancy. Consulting with a legal professional or property management service can provide valuable guidance to ensure you remain compliant with all legal requirements.
Looking for a tenant for your let? We use our experience to help sift the good tenants from the not-so-good as well as taking up a full range of references/checks to minimise any risk and we can also offer landlord insurance to cover against a range of eventualities.
We offer three main types of services – find out more here.