Tenant verification ensures a landlord that his tenant are capable of paying rent on time and are not troublesome or having any criminal background. Tenant verification plays an important and vital role in finding the best tenants for your rental properly.

1. Published by: AB Associates
http://www.abassociates.co.in
Tenant Verification
Tenant screening is a process used primarily by residential landlords and property managers to evaluate
prospective tenants. The purpose is to assess the likelihood the tenant will fulfill the terms of the lease
or rental agreement and will also take great care of the rental property in question. The process
culminates in a decision as to whether to approve the applicant, approve the applicant conditionally
(such as requiring an increased deposit or cosigner) or deny tenancy.
Tenant verification ensures a landlord that his tenant are capable of paying rent on time and are not
troublesome or having any criminal background. Tenant verification plays an important and vital role in
finding the best tenants for your rental properly.
Successful landlords know that tenant verification is the most important task when letting property.
Tenant verification can be either done by the landlord himself or by a hired professional service provider
like Detective Agency. Today renting a property is one of the important sources of income for landlords,
and tenant verification ensures that tenant are of a good background.
Major Issues regarding Tenant Verification:
Background Check: Background check is the first and most important step in tenant verification. If your
potential tenant has a history of skipping rent or destroying property, you may be able to find this out
through a background check.
Previous Landlord: You can ask for character references or contact details of the previous landlord to
know more about your prospective tenants. This helps you to ensure that your prospective tenants will
keep your premises and property clean. It will also ensure that they don’t undertake any destructive
actions in your property which may end up damaging your property.
Police Verification: Nowadays it is mandatory for landlords to get police verification while
accommodating a tenant. You need to duly fill the police verification form with particulars of the tenant
whom you intend to let out your premises. Police uses information provided by you to verify the
background of your tenant. This helps you to ensure that the prospective tenants are not criminals or
of troublesome nature. You can collect Police verification form manually from the nearest police station
or download it from the website.
Credit Check: Check credit references to determine each applicant’s credit history. If you do not have
anybody to conduct credit screening for your tenant, or for some reasons it is impossible to do it
yourself, you can opt for a private agency to do it for you.
Agents: In case you are not able to find a prospective tenant, appoint a real estate agent or service
provider to find a good tenant for your property. The real estate agent will assess your property and
set a rental price based on its size, location and quality. Talk to two or three agents and compare their
level of service and fees before appointing them. You must also inform your building’s insurance
provider that the property is let out and update the contents of your insurance policy accordingly.
Tenant verification plays a vital role in finding the best tenants for your rental property. You can
eliminate about 90 per cent of your tenant problems by Tenant Verification.