Finding a Good Tenant - Advice for New Landlords
The first meeting or telephone conversation with your prospective tenant is the beginning of the screening process to find a good tenant. If they are viewing the rental property - are they on time? Are they smartly dressed? Is their car well mantained? Do they wipe their feet before entering the property? Small details like this can give you an insight into what type of tenant they are likely to be. When you question them about such things as employment, references or rental history are they happy to provide the answers? If both parties are keen to proceed with the let, you will need to put things in writing. At this stage the prospective tenants may decide to pay a holding deposit, while you go through the screening process necessary to complete the tenancy agreement.
Tenancy Application
It is strongly advised that as a first step you get any prospective tenants to complete a full application form. This needs to include: identity evidence, income and credit history, past accommodation and full employment details, references and other details, such as: any children, pets, car owner, smoker or non-smoker, the intended number of people living in the rental. The application should also specify the length and type of letting, the basic terms and the rent and deposit required. The application should also inform the tenant that credit checks and references checks will be made in accordance with the Data Protection Act.
Reference Check
Don't ever be tempted to not check the prospective tenant's credit or identity history, and do take up the references before deciding to enter into any tenancy agreement. Consider asking for a guarantor if you are not 100% sure. All these steps are much easier than having to evict a problem tenant. However 'nice' your prospective tenants seem don't be lulled into taking chances - your screening process is your insurance.
Tenancy Agreement
When you decide to let your property your new tenant will need to sign a Tenancy or Letting Agreement. This can be drawn up by anyone (and some landlords prefer to have it checked over by a solicitor) - the signing should be witnessed by an independent witness. This should be accompanied by a full inventory and statement of condition of the rental property. If you are arranging a let for more than three years you will legally need to get a Lease by Deed arranged by a solicitor.
What makes a Top Tenant?
|
Fiona Howard specializes in writing for the financial and business market, and is a well-respected city analyst. She currently advises Loan-Loans-Mortgage, one of the leading UK online sites for finding a fast Business Loan or Buy to Let Mortgage Article Source: http://EzineArticles.com/?expert=Fiona_Howard |
Sign Up
Property Letting
- Finding Letting Agents in Plymouth
- Letting Properties to insure your future
- Insuring Your Future By Letting Properties (Buy to let Mortgage)
- Letting your property ( UK )
- Letting your property guide ( UK )
- Why are letting agents so very important?
- Letting agents directory – making your search easier
- Letting agents for fast letting services
- Letting Your Property Bear Fruit
- Letting Property to Students - Further Tips for Landlords
- Take The Stress Out Of Looking For Property To Rent In Liverpool
- The Letting Agent's Role
- Don't Be Ripped Off by UK Letting Agents
- Be Careful Of 'Desperately' Low Letting Fees
- Residential Property Letting - How Much Does It Cost the Tenant?
- Letting Agents: "V" Landlords
- Avoid Tenancy Hassle With A Letting Agent
- Tenant Property Rental Advice - A Guide for Tenants Looking for a Flat to Let
- The Benefits of Buy to Let Investing
- To Live And Let: Why Would You Go For Agents?
- Make Sure the Price is Right on Your Residential Letting
- Property Rental Information - Landlord Property Management Advice
- Renting Property and How to Find Letting Agents in Milton Keynes UK
- Buying to Let Guide - UK Rental Property Management
- Looking to Rent Residential Property in Northampton, UK?
- Introduction to Property Rentals, Advice for Both Landlords and Tenants
- 5 Top Tips For Residential Landlords
- Considering the Costs of Owning a Rental Property
- Lettings Supply Outstrips Demand in the UK Buy to Let Market - Positive News for Landlords
- How To Make Your Property Safer When Renting It Out
- Top Ten Biggest Mistakes Made By Tenants When Leasing a Commercial Property
- Another Bite Out Of The Rent Generated By Buy To Let Properties
- Is the World of Buy to Let for You
- Buying To Let Top Ten Tips
- Renting Property in Aberdeen - The Tenant's Guide
- Buy To Let - Beware Of The Extra Costs That You Have Not Budgeted For
- Buy To Let
- Buy To Let - Are Students The Answer To Lower Yields?
- What Are The Legal Requirements Of Landlords?
- Finding a Good Tenant - Advice for New Landlords
- Final Rental Repayment - UK Landlords
- Determining How Much To Charge For Rent
- Precautions When Buying Properties To Rent
- How To Rent Out A Property With Less Stress
- Flipping And Buying To Rent Out - The Advantage And The Disadvantage
- You Too Can Make Your Rental Property Appealing
- Ten Basic Steps to Letting - UK Landlords
- How To Make A Profit From A Buy To Let Investment
- Top Tips for Renting Your Property
- What Makes a Good Landlord? Top Tips to Bring Success, Gain Respect and Popularity from Your Tenants
