Why The Referencing Process At Greater London Properties Is Different?
As estate agents operating in central London, we understand how important it is to ensure our Landlord void periods are kept to the minimum but also equally to you the right tenants.
At Greater London Properties, we believe that choosing an agency with a rigorous tenant vetting process is essential to safeguarding your investments and maintaining peace of mind.
Why Thorough Referencing Matters
Preventing Subletting and Fraud: One of the most significant risks in the rental market today is subletting and fraud. Unvetted tenants may sublet the property without permission, potentially causing damage and violating lease terms. In worse scenarios, fraudulent tenants might use fake identities or documents to secure a property, leading to legal and financial complications.
Ensuring Financial Stability: Properly vetted tenants are more likely to have stable incomes and good credit histories, ensuring they can meet their rental obligations. This reduces the risk of missed payments and evictions, which can be costly and time-consuming for landlords.
Protecting Property Value: Tenants who have been thoroughly vetted are generally more respectful of the property and the surrounding community. They are less likely to cause disturbances or engage in activities that could depreciate the property's value.
Our Internal Referencing Team
At Greater London Properties, we pride ourselves on our meticulous tenant screening process. Our internal referencing team is dedicated to thoroughly checking each potential tenant's background. This includes:
- Credit Checks: To ensure financial stability and reliability.
- Employment Verification: Confirming income and job security.
- Previous Landlord References: Assessing rental history and tenant behavior.
- Identity Verification: Detecting and preventing fraudulent applications.
Our team's expertise in identifying red flags and potential issues means we can filter out undesirable tenants such as sub-letters and money laundering, giving you confidence in your property management decisions.
Choosing the right tenants is crucial for a smooth and long term rental experience. At Greater London Properties, we are committed to providing you with the highest standard of tenant vetting to protect your investments.
If you want to learn more about our comprehensive vetting process and how we can help you, please don't hesitate to contact our team on 0207 113 1066 or watch the full video here.
We look forward to speaking with you,
Warm Regards
Megan Cutforth,
Head Of Lettings