A lot goes into renting a property. Apart from finding the exact property that suits your lifestyle and needs, you still have to provide references and documents that will convince the landlord to accept you. In most parts of UK, it is a part of the letting process for a landlord or letting agent to check that potential tenants are reliable and can afford to pay the rent on time. Here are some of what prospective tenants should expect when renting a property:
The landlord or letting agent will usually ask for a number of documents to confirm that the tenant is who they say they are. This could be in the form of a photo ID, such as a passport or driving license. In some cases, landlords are willing to accept a signed utility bill from your former or current home, or a signed bank card from your bank.
From February 1, 2016, a prospective tenant will need to show a document that proves they have the right to stay in the UK and rent an apartment. For British citizens, a passport, birth certificate or any other form of identification is proof enough. For immigrants, passport and immigration documents will suffice.
Another check that will be carried out is what is known as a credit check. This check shows if the tenant has a history of meeting their financial obligations. The landlord or letting agent will need to get permission from the prospective tenant before carrying out this check. However, a bad credit report can affect the landlord’s decision to give the house to the person in question. It is, therefore, wise that before applying to rent a house, prospective tenants should first check their own credit report to find out where they stand and correct any problems that may be recorded there.
The landlord or letting agents may want to find out from previous landlords if the prospective tenant is reliable and trustworthy. With this check, they will also find out if the tenant is known for keeping up with rent, or if they have a history of delaying rent payment. If the prospective tenant is renting for the first time, they may be required to provide the contact details of their parents or guardians.
Finally, landlords or letting agents will require prospective tenants to provide at least one guarantor. A guarantor is someone who is willing to sign a legally binding agreement stating that they will pay the rent if the tenant is unable to. In most cases, the guarantor could be the tenant’s parent or guardian. Additionally, most landlords expect the guarantor to be a UK resident and a property owner.