It can easily slip to the bottom of the list before moving in day, but one of the most important checks you can do as a potential landlord in Norfolk is to run a credit check on anyone who is considering becoming a tenant.
If this is your first tenant in Norfolk or the South West or you are new to the whole process of running checks, there are a few options available to ensure that your tenant is going to pay you each month!
New tenants obviously provide you or your renting agency their personal information and salary details, but you have no way of really knowing if the information is correct or if there have been some details conveniently left off of the application form. ˜Financial Considerations is one of the key reasons that a landlord can deny a tenant access under the ˜Fair Housing Law “ Therefore, running a full tenant credit check gives landlords a transparent and accurate picture of the tenants current financial situation. If a potential tenant regularly misses payments and / or has a poor credit score, obviously as a landlord you are free to deny then access to your property in Norfolk or could even consider charging a higher deposit, rate of rent, or asking them to find a co-signer to guarantee the income in the event that they are not able to meet their obligations.
Completing a potential tenant credit check through HomeLet or one of the other main credit check organisations gives all Landlords in Norfolk information about the tenants credit history, but some landlords do actually prefer to go above and beyond the tenant credit check and run criminal background check. Other additional reports can include details on history such as eviction reports in order to evaluate potential tenants thoroughly. If this comprehensive approach appeals to you more as a landlord, you may want to consider a ˜tenant screening service which can give you all of the information you need and ensure all angles are covered!