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"The Landlords Advice Centre"
|Tenant references will help you establish the fact that
he/she is who they say they are.
For your free tenant reference templates please click here .
references should I ask for?
- account managers name, address of bank, bank account number
and sort code and a telephone number (or look it up).
For your free reference templates, please click here .
tenant has no bank account?
tenant is about to start work for the first time?
tenant is about to start work for a new employer?
has no previous landlord?
Always write to these people yourself, or if the tenant provides you with written references ensure that they are true, by contacting the person who has signed the reference.
Never judge people on appearances - yes, even I have been duped into this one within the first year of my training - cost the landlord a fortune!
Always check the references and that the referee actually exists!
If the tenant does not have a bank account or building society account, how are they going to pay you your rent? How do they get paid from their employer? How can they prove to you that they are financially stable and are not going to have a problem with paying the rent?
Remember that references are given in the strictest of confidence and you must not pass any of the information you receive about the tenant onto any other person without the tenants permission.
The bank reference is the worst reference. Not only do they charge a fee of around £10 - £15.00 per status enquiry, they take an age to deliver them. Our method was to get the tenant to sign a standard letter, enclose a credit card number or tick a box saying that the fee could be taken from their account, saving you having to pay and send the original to the bank. Bank references can be bit confusing when you get the reply. For example if the bank returns a reply stating the person in question is good for the amount of £……. Per month - no problem. If the bank says they should be good for the amount, not a bad reference really. Should the bank say they are surprised to see the person in question having this amount of money taken from their account watch out. However, if they say they are surprised but as long as it is replacing current commitments then this could be fine as long as the person in question does just that. i.e. replaces one monthly rent with yours! Read the reply carefully. Remember banks will never be derogatory about the person they are replying about after all it is their customer, but a lot can be read into them. So please check them carefully.
For your free reference templates please click here .
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