Making sure you get the right tenant in your property is the biggest worry a landlord has.
Therefore as part of your vetting process you should get your tenants to complete a tenant application form.
Presenting your tenant with an application form and saying that they have to complete it to ‘apply’ to rent your property will quickly get rid of the time wasters and leave you with the ones who are serious about renting your property.
On your application form you should look to capture the following key pieces of information about the tenant:
– Previous address
– Current employment details including references
– Proof of ID (passport or driving licence number)
– Guarantor details (i.e. who will pay the rent if they default)
– Emergency contact details
– Previous landlord details
– Other information (i.e. whether they smoke, have pets, have a car etc)
– Copy of last three months bank statements
Remember, if the tenant is not happy to provide any of the information above then you should really look to move the tenant on. At the end of the day you want a professional and profitable relationship with your tenants.
The last thing that you want is for a tenant to withhold information which if provided would have meant that you wouldn’t have considered them for the property.
Did you know?
Our property management software comes with an inbuilt tenant application form. In the tenant manager screen you simply press the ‘Application Form’ button and a blank form is generated for you, ready to complete by the tenant.
