Referencing your tenants and their guarantors reduces the risk of rental arrears, and will protect you from problem tenants. Not only will a tenant reference check give you an informative decision on prospective tenants, it will also save a long of hassle and legal costs in the long run.
Should my tenant have a guarantor?
Whilst it’s not a requirement for your student tenants to have a guarantor, it’s highly recommended as they don’t have a regular and steady source of income.
They’ll act as a type of insurance against unpaid rent or damage to the property, and they will be asked to cover the cost if your tenant falls into arrears or causes damage and refuses to pay.
Reference Check - £20 per check*
The reference check will score the guarantors suitability out of 500.
- Affordability - Income validation score indicates the degree of confidence in the income stated by the applicant.
- Authentication - Incorporates Voters Roll check.
- Adverse data - Public information check for CCJs, bankruptcy and voluntary agreements.
*Or included if your property is let through any of our Bronze, Silver or Gold packages.