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The Key To Successful Long Term Letting

Date online: 07/04/2014

Key To A Successful Long Term Let

Morris Property has built a solid reputation for sourcing and referencing tenants for over 9 years. Our experience and expertise in this field means we are able to match the most suitable tenant to your property. 

As well as offering FREE practical advice on lettings and FREE Tenant Referencing Services we understand that the key to a long term successful let lies in the quality and detail of referencing by following the following key principles:

Always have an application form that requests details of last 3 years residences, contains date of birth, national Insurance number and next of kin details.

Always request formal identification ie a copy of a driving licence, passport or other proof of identity.

Ask for sight of the last 3 or 6 months bank statements and wages slips to check affordability

Use a quality tenant credit referencing service Morris Property Management Services to do invaluable credit checks to identify poor credit history or CCJ’s

Beware of people in a rush, or "living with their parents". Often they become a problem.

Try to make an unexpected visit to where they live now - that way you can see how they look after that property and confirm they actually live there.

Advise them to take out Insurance to cover their belongings.

Serve a S21(1)B notice at the start of the tenancy. That is the day they move in. They will usually sign a copy of the notice at that time thereby providing all the evidence you need to prove the notice has been served. This should be done AFTER the deposit has been lodged in one of the authorised deposit schemes.

Think about taking 6 weeks deposit to avoid the scenario where they do not pay the last month rent, and there is still damage when they leave

Take a full inventory of your property with photographs and sign and date with your tenant, leaving them with a copy of each set

Make sure you have building insurance in place, which covers "Injury to people residing in or visiting the premises" in addition to your building and your belongings

If you have any doubts request a guarantor.

If in doubt don’t proceed, you should never feel rushed into moving a tenant into your property even if you believe you need to cover ongoing costs, a decision to let a property and provide a set of keys should be after full consideration and verification of who they are has been done and you are completely satisfied. Taking time in the early stages could save you money.  If you need further advice, call us today 01706 713471.

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