Referencing Your Tenants; Why It Is Now More Important Than Ever

When finding a tenant for your property it is important to find the correct one and vet them as much as possible so that you do not experience late rent payments but also a more common occurrence in Central London is the dreaded subletter or use for criminal activity.

When finding a tenant for your property it is important to find the correct one and vet them as much as possible so that you do not experience late rent payments but also a more common occurrence in Central London is the dreaded subletter or use for criminal activity.

Some landlords may think referencing is as simple as getting an employer reference and a previous landlord reference, however it is so much more than this if you want to separate the good from the bad. Lots of agencies use external companies to do this for them, which is fine if you want a standardised check.

Due to technology becoming more advanced, more and more tenants are finding ways to modify their documents, create fraudulent references and even going to the lengths of creating websites and companies to create a certain profile for themselves and hide their intentions for the property.

IT IS possible to uncover these fraudulent references if you know what you are looking for. Are you working with a letting agent who will go the extra mile to uncover any misleading information that may go on to cause an unpleasant surprise?

Greater London Properties have a team of people which perform internal referencing for our landlords. Working in the Central London Property market for over 20 years, we have found new innovative ways to stay ahead of the curve.

GLP are able to see when a document was created and when/if it was modified afterwards, when companies & website were created, as well as taking time to verify each landlord and employer.

It is important for us and our core values, to ensure that we are always working in the client's best interest. Which means not trying to push through any move in 'to get the deal done'. We would rather start again to ensure we are always providing first class tenants and a stress free tenancy.

Find out more about our in depth property referencing services by contacting us today on 0207 113 1066 or email jessica@glp.co.uk

Best Wishes
Megan Cutforth
Director of Residential Lettings. 

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