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  • Tenant Referencing

    Tenant provide credit report?

    With the tenant fee ban coming into effect shortly I was just wondering if other landlords already initially request from their potential tenants a credit report from the likes of Noddle and Clearscore to see if they are credit worthy?  I will carry on taking up the usual references however as we will no longer be able to pass the referencing cost onto the tenants I was just wondering whether this would be a good course of action to avoid non credit worthy tenants?

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    Whilst it's a good idea to get a tenant to provide a credit report be wary that it's quite easy to get hold of fraudulent reports online - if the tenant wished to do so.

    Also there are still a lot of good referencing companies out there that could provide this for you - for your tenant for not a huge some of money. That way it's not coming directly from the tenant and you may have access to other services from that referencing company - Rent Guarantee for example ??

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    NLA or RLA tenant checks are more thorough & not expensive.



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    Seems like a good way too weed out the wheat from the chaff.

    For a tenant that I was actually planning to let to I'd redo it myself - and if their supplied one then tuned out to me an intentional mis- representation you get to keep the holding fee ( under the new law)

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    DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.

    Thanks for that.  I would always do my own credit check as well but that is interesting that if the credit report the potential tenant provided was a misrepresentation then i could claim the fee out of the holding deposit.  .

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    Not just the cost of the credit check - the whole holding deposit.

    - it's still in draft but....

    https://publications.parliament.uk/pa/bi...2_en_1.htm

    Paragraph 3(b) or © does not apply if the tenant provides false or misleading information to the landlord or letting agent and—

    (a) the landlord is reasonably entitled to take into account the difference between the information provided by the tenant and the correct information in deciding whether to grant a tenancy to the tenant, or

    (b) the landlord is reasonably entitled to take the tenant’s action in providing false or misleading information into account in deciding whether to grant such a tenancy.

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    DISCLAIMER just my personal opinion - for legal advice consult a qualified professional grown-up.