6 Steps to choosing the right tenant

Demand for rental property is continuing to rise and as demand increases, so does competition between tenants. Choice for landlords is a good thing, but what should you be looking for and how can you help to make sure you choose the right tenant?

1. Check references
References are amongst the most useful tools available to you in the hunt for reliable tenants. All landlords should request references from the prospective tenant’s previous landlord and existing employer as a minimum. Remember, though, that these are easily faked, so you should always follow up the reference by phoning. This is not a guarantee of the tenant’s ability to pay their rent although it will be a good indicator.

2. Credit checks
A credit check can help you judge whether or not the tenant is likely to pay the rent (or, more accurately whether they have a history of non-payment); and it can help you judge whether or not the tenant has existing disputes that might, in the worst cases, cause bailiffs to come knocking at your property.

3. Meet the tenants (and trust your instincts)
Whenever possible, make sure that you meet your prospective tenants before making an agreement. A face-to-face meeting is the best way to get an accurate sense of the tenant’s personality. The importance of trusting your instincts really cannot be overstated. If the tenant’s references are fine but you are still unsure about the individual, you should listen to your gut feeling. If you feel uncomfortable letting your property to them, then keep looking.

4. Always take a deposit
It is remarkable how many landlords fail to take a security deposit from their tenants. This is one of the most important ways in which you can protect yourself and your property, and you should not hand over the keys to your property until you receive it. Remember though that the deposit needs to be registered in a government deposit protection scheme by law. Many Agents now also insist that tenants also provide a ‘home owner’ guarantor for added security – this is a move which many landlords would benefit from.

5. Give yourself time - don't rush!
Whenever possible, try not to end up in a situation in which you are forced to let your property in a rush. Every landlord wants to minimise void periods. But if you don’t give yourself enough time, you risk being rushed into letting your property to an unsuitable tenant. Remember that finding the right tenant can be a relatively lengthy process.

6. Consider using a regulated agency
Finally, you should not discount using a regulated lettings agency. Look for agents that are ARLA, Nals or Rics members. A professional agent will help you to find suitable, reliable tenants in a timely and cost effective manner.


Landlord and Tenant questions answered by Richard Pennack - specialist Lettings, Management and Investment agent based in Hull. Richard is Managing Director of iQ Property (Hull) ltd and a member of ARLA. Specialising in Residential and light commercial property Lettings, Management and Investments. Call 01482 240148 or visit www.iqpropertyhull.co.uk