Tenant Credit Check

The city of London and its neighboring places often experience influx of people from other countries, as the UK offers several opportunities for living, be it education or jobs. Many need to rent property. Black Katz offer property to rent across Londo

The City of London and its neighboring areas often experience influx of people from other countries, as the UK offers several opportunities for living, be it education or jobs. As people move from place to place, there is always a demand for home to stay. It is impractical to buy a house for a short tenure and few can afford to have the luxury of their own apartment. With duration of their stay being unpredictable and only having a moderate income, most move to London as potential tenants looking for flats to rent in London.

To find a flat or house to rent in London contact the Black Katz offices. Black Katz have flats and houses to rent across London. If you are a landlord wishing to rent out your property contact Black Katz.

Landlords can look for tenants themselves or they can take recourse to the services offered by various UK lettings agencies, such as Black Katz. Black Katz are London's largest lettings only agency and have properties across London. Apart from finding tenants, these companies offer a range of services including a tenant credit check.

Many landlords suffer after renting out London properties and finding that the tenant may not pay the rent on time, the tenants may damage the property and are impossible to evict. This is when you need the support of a lettings agency such as Black Katz. To address these annoying issues and to bring an end to trauma faced by landlords in UK, tenant referencing as a service is gaining in popularity as it aims to perform tenant credit checks effectively to safeguard the rented property of landlords.

Tenant referencing by a company generally provides with information such as:

  • verification of tenant identification with electoral roll
  • identify cases of bankruptcy or any CCJ( County Court Judgment)
  • affordability check is done based on tenant’s income
  • bank details validation done to ensure that the information is legitimate and true.
  • The reference agency generally provides a score for the tenant depending upon his suitability (just like a credit score). Given the range of the score, the potential risk of the tenant is ascertained. Apart from these reports, a detailed reference from previous landlords can also prove to be quite useful.

    However, in some cases it has been found that there are several kinds of tenants, especially students, low-paid people and individuals who have breaks in employment records and these people score low in a tenant referencing check by most UK properties agency. In these cases some other means can be adopted to ensure they are suitable; one of the most popular methods is using a guarantor.

    A guarantor is an individual who is a close relative of the potential tenant or is known to the tenant and/or who undertakes full financial responsibility of the tenant, inclusive of paying the rent, in the event of tenant failing to do so. As a guarantor agrees to get into the agreement with the landlord letting property, it becomes legally binding for the guarantor to take full responsibility for the obligations of the tenancy agreement clauses on behalf of the tenant.

    The landlord can be reassured by the fact that, apart from the tenant, there is another responsible person who is bound by law to compensate the landlord.

    To find a flat or house to rent in London contact the Black Katz offices. Black Katz have flats and houses to rent across London. If you are a landlord wishing to rent out your property contact Black Katz.

    If you are a landlord with London flats to rent, it is advised to register with Black Katz who can offer a comprehensive tenant credit service package.