Friday 29 December 2017

Conducting A Tenant Screening Report

By Nancy Perry


Every landlord is very critical of their prospect occupants. This is to avoid a situation where one is in bad terms with them due to failure to comply with their expectations. You can determine whether an applicant is suitable enough by conducting a credit and background check. Here are important facts about Tenant Screening Report that a property owner should consider.

Collect the tenant information through an application. You need to have an application form to collect relevant information about your potential applicant. Highlight some aspects of their current addresses, their full name, current job and any other relevant information about them. In addition to that, give them a credit report authorization form to fill to be used to conduct a credit checkup.

Have a personal surveillance on them. Owing to the information you have gathered about them, there are a couple of aspects to determine on your applicants. Some of these details are quite hard to access leaving you with no choice but to depend on a screening firm. Such firms are licensed to access one credit report and their legal reports from different security agencies.

Confirm your intended tenant suitability by contacting his or her employer. It is recommendable to reach out to your candidate employer to gather enough information about his or her financial capacity. Ask them about their type of work whether it is a full-time or part-time job, the wage amount and whether they are receiving their payment in full. These will help in determining your candidate capacity to pay his or her rent.

Contact the previous landlord. Your applicant former landlord is also useful in determining a couple of other factors. This includes his or her capacity with complying to rental regulations, whether one pays their rent in time and acknowledging the reason as to his or her decision to move to your residence. The landlord should at least give you a genuine recommendation about the suitability of the candidate depending on the kind of relationship they had.

Interview your candidate to acknowledge him or her much better. There is some information that you cannot gather in your surveillance unless you ask your candidate. This includes the number of occupants intending to reside with, the frequency of their friends visit and their normal schedule as well. These will assist in determining whether one can easily comply with your regulations.

Survey their conduct over a given period. It is quite hard to believe an applicant behavior without having them reside on your property. This gives you a chance to determine whether the information you have gathered about them is true or false. Give yourself a maximum of three months to survey their capacity to comply with your expectations. You can use their neighbors in surveying them.

Sign a leasing agreement with them. Every landlord is expected to have a rental agreement which safeguards their interest. This decision should be reached when one is satisfied with the conduct of his or her new occupant. The agreement is expected to include regulations that the resident should submit to and instances that can lead to termination of the contract.




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