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Posted byTulloch Priest
Tulloch Priest
Founding Member of Priest Properties Ltd
User is currently offline
on Friday, 17 February 2012
in Letting Tips

Fraudulent Tenants May Be on the Increase

According to an insurance company, the number of fraudulent tenants could be increasing. Apparently more potential tenants are filling out application forms fraudulently, and have no intention of continuing to pay the rent as they are constantly moving from property to property. Such tenants often give false information as to their previous address to try to prevent letting agents and referencing companies from tracking them down. Unfortunately these types of people also seem to have substantial knowledge of the legal system which makes it very difficult to evict them quickly.

Anyone thinking of letting out a property is advised to have a thorough checklist which includes checking proof of identity and applicants current residency address early on in the process. Anything that doesn't seem quite right that should be checked out even more carefully. This is where it can really pay off to use an experienced letting agency in Nottingham who is able to thoroughly check tenants and who knows exactly what to look out for. If you choose to do it yourself then don't just trust your gut instinct about someone, take the time to carry out the proper checks.

Landlords are also warned about the problems of subletting once tenants have moved in, and it's worth checking the occupier is the same person as the name on the tenancy agreement when carrying out periodic property maintenance checks. Unfortunately some tenants don't ever move into a property but choose to sublet it and make a profit.

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