The Importance of Tenant Referencing in Residential Tenancies
Most residential landlords and letting agents understand the importance of conducting thorough tenant referencing checks before granting a tenancy. Proper referencing ensures that prospective tenants can meet their rental obligations and are likely to comply with the terms of the tenancy agreement.
With the forthcoming Renters’ Rights Bill, tenant referencing will become even more important. The proposed changes mean landlords may face longer-term commitments with tenants and reduced flexibility when ending tenancies. As a result, it is essential for landlords to implement robust tenant vetting procedures before entering into any tenancy agreement.
A structured tenant referencing process allows landlords to confirm key information about prospective tenants’ suitability, including:
- Affordability
- Income and job verification
- Credit history
- Previous rental conduct
Practical Resources for Landlords
To support landlords in this process, we have the following range of dedicated resources:
Our Tenant Referencing in Residential Tenancies Information Page offers practical guidance on tenant referencing;
The updated template documents to ensure your tenant referencing process is thorough.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.