Tenant Referencing For Dummies

Tenant Referencing For Dummies

Students with Guarantors / Lettings Packages with Tenant History Reports

21 March, 20160 Comments
Dear Samii I am a student with no income but my parents wish to stand guarantor – can you help? Samii says In a recent update to our systems, whereby students are reliant upon their parents or some children are reliant upon their parents who have enough income to support the short fall and affordability in
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Referencing Students / Charging Tenants For Referencing

18 March, 20161 Comments
Dear Samii How do I reference an applicant student tenant? Samii says Students are just like any other applicant tenant, so they still have a duty to meet your rental payments and any other tenancy requirements. Simply find out whether they have bursaries, part time jobs, loans, grants from a family member, grants from the government, etc. Although for working
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RGI for students / Tenant Alert Directory

17 March, 20160 Comments
Dear Samii Can I take out rent guarantee insurance on a student tenant? Samii says In theory, yes. Just because they may not be working, as long as they can prove that they can afford to pay the rent, e.g. student loans, bursaries, etc then you shouldn’t have a problem obtaining RGI. For the most comprehensive letting insurance
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Referencing fees / Advertising property

15 March, 20160 Comments
Dear Samii A letting agent is trying to charge £25 to release a reference – can I continue without it? Samii says We understand that some agents do try to charge extra for releasing a reference. At Tenant Referencing UK we do not condone this type of practise, as it goes against the entire ethos
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Students / Refunds

15 March, 20160 Comments
Dear Samii Can I reference students through the Tenant Referencing UK system? Samii says Yes, we have many student landlords who reference their student tenants, as well as their guarantors. We believe if a student is going to take a tenancy (who’s over 18) it is important to get an initial credit search on them, which
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Tenanted Property / LRS Activation Fee

14 March, 20160 Comments
Dear Samii I’ve just bought a tenanted property, so should I reference the existing tenants? And do I need to get their permission to do so? Samii says Yes definitely, re-referencing tenants is an important factor in a tenanted property transaction. Before you exchange contracts, be sure that you have received all of the necessary documents, e.g.
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Tenant Histories / Guarantors

11 March, 20161 Comments
Dear Samii I’m currently using another tenant referencing company who claim that they provide a Tenant History service – do they?… Samii says I wouldn’t call it a tenant history, more like a ‘tenant opinion’…! The quick answer is no. I am really worried that the way other referencing companies are describing these reports are misleading growth within the
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