Sunday, November 26, 2017

Conducting A Tenant Screening Report

By Nancy Perry


Every landlord is very critical of their prospect occupants. This is to avoid a situation where one is in bad terms with them due to failure to comply with their expectations. You can determine whether an applicant is suitable enough by conducting a credit and background check. Here are important facts about Tenant Screening Report that a property owner should consider.

Collect the tenant information through an application. You need to have an application form to collect relevant information about your potential applicant. Highlight some aspects of their current addresses, their full name, current job and any other relevant information about them. In addition to that, give them a credit report authorization form to fill to be used to conduct a credit checkup.

Do a personal surveillance. You have quite a lot to handle with the information you have gathered from the application form. However, there is some information that one cannot access unless he or she depends on a screening firm. These firms have easier access to credit reports and even access security information which is important in determining your applicant legal conduct.

Confirm your intended tenant suitability by contacting his or her employer. It is recommendable to reach out to your candidate employer to gather enough information about his or her financial capacity. Ask them about their type of work whether it is a full-time or part-time job, the wage amount and whether they are receiving their payment in full. These will help in determining your candidate capacity to pay his or her rent.

Contact their previous landlords. You need to acknowledge a few facts about your applicant conduct by reaching out to their previous landlords. Confirm whether they have a reputation for paying their rent on time if they are compliant with the leasing agreement and whether there are any complaints from their former neighbors. Additionally, ask them to give you a general recommendation about them and the reason behind their terms of an agreement with the applicants.

Interview your candidate to acknowledge him or her much better. There is some information that you cannot gather in your surveillance unless you ask your candidate. This includes the number of occupants intending to reside with, the frequency of their friends visit and their normal schedule as well. These will assist in determining whether one can easily comply with your regulations.

Give them enough time to determine their suitability. It requires time to acknowledge the suitability of your new tenant. Even so, you should maintain a close observation of them using their new neighbors and friends as well. This gives you an opportunity to determine if they have met your expectation and decide on maintaining them or terminating their application.

Sign a leasing agreement with them. Every landlord is expected to have a rental agreement which safeguards their interest. This decision should be reached when one is satisfied with the conduct of his or her new occupant. The agreement is expected to include regulations that the resident should submit to and instances that can lead to termination of the contract.




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