PRODUCT INFO | Use this product to verify the identity of a tenant before you rent out a property. By using Shergroup’s verification of identity product you can minimise the risk of running into rent arrears or other problems caused by tenants ignoring their tenancy agreement obligations. Our tenant background check will shine a light on your prospective tenant’s financial history and the ability of your tenant to meet rental obligations.
As we get involved in issuing claims against tenants, and enforcing judgments and orders against tenants, we can assure anyone looking at this product that it’s much better to be informed BEFORE you let out your property, rather than after there’s a default or a failure to meet other property obligations.
Don’t forget that as a landlord you have an obligation to carry out checks to verify that your prospective tenants (extending to all the adults living in the property) have a ‘right to rent’ in the UK. You can ask your prospective tenant to show you their immigration documents or passport before you start a new tenancy or renew an existing tenancy. If a tenant can’t show you the necessary documentation you can make a “right to rent” check with the Home Office who should reply within 2 working days.
You should also ask the tenant for references to show they can afford the rent for the property and that you will or have been a good tenant. References can be supplied from the tenant’s current landlord or previous landlords (or the letting agency). You can also ask your tenant to supply a reference from an employer. This will confirm that the tenant has a job and that the tenant has job security.
Tenants can also be asked to disclose their recent bank statements to confirm that they have received the income they are claiming. For self-employed tenants, you should ask for copies of trading accounts and an accountant’s reference to confirm that the rent can be met.
If that still doesn’t give you enough comfort, you can ask the tenant to provide a guarantor for the rent. This might be a good idea if the tenant doesn’t have a history of renting to show you. A guarantor will agree to pay you the rent if the tenant defaults and in the event of default the guarantor can be sued for the outstanding rent. It is not unheard of for us to enforce a judgment against a guarantor (often a parent or relative) of a judgment debtor.
Our tenant background check will verify the tenant’s current address, and ability to pay the rent. If further enquiries need to be made, you can apply for a deeper background check for a further fee.