Tenant Referencing Sample Clauses
Tenant Referencing. 2.2.1 All tenants need to be professionally referenced in order to minimise the chances of unsuitable tenants occupying your investment property. Until the Government introduced the Tenant Fee Ban the cost of paying a referencing company in order to obtain and pass these was met by the tenant. Now that the Government has made it illegal for tenants to pay for these the cost of referencing is to be met by the Landlord at a cost of £100 per tenant/guarantor (over the age of 18) plus vat.
Tenant Referencing. Subject to Owner/Landlords Instructions
Tenant Referencing. 3.2.1 Front Row Lettings will always obtain proof of funds from prospective tenants (3 months bank statements, 3 months payslips, or confirmation of funding), if the tenant has a guarantor paying for their rent the guarantor’s information will be obtained in the same manner to confirm that they are suitable guarantors.
Tenant Referencing. As part of our letting service, we will always obtain references for the tenant (except in certain circumstances). We may use the services of an external specialist tenant referencing agency, such as FCC Paragon. The referencing will include checking some or all of the following Passport and/or VISA check Right to Rent check Residential status, homeowner, private or council tenant Electoral roll check Length of residence Linked addresses Alias details Linked names on electoral roll County Court judgments (CCJs) Landlord Reference *Employer or accountant Reference, or proof of sufficient funds or savings (e.g. bank or savings accounts) Financial Profiling In order to qualify for the Rent guarantee (see Section 54 below), the tenant must pass the full referencing, carried out by a specialist tenant referencing agency, such as FCC Paragon, which will include obtaining satisfactory landlord and *employer reference. If it is necessary to use a guarantor, the guarantor who will also be referenced, and needs to pass the full referencing.