If you will soon be moving to a rental property then, with an impending Tenant's Fees Bill set to ban lettings fees charged to applicants, a tenant reference containing a tenant's history is now more important than ever.
The concept of Tenant Histories is built on a simple idea that if a tenant has failed to meet their tenancy contract obligations, they are less likely to give that landlords details when they move to a new property. Tenant Histories bridge this weakness in the rental market.
With 8 years' worth of Tenant History records, the only information provided is the details of a tenant's previous landlord. This puts the potential landlord in touch with current/previous landlords and they can then find out whether the tenancy contract ended with any damages and/or rent arrears.
Landlords look for most, if not all, of the following attributes in their future tenants:
Ask your current landlord (and previous, if possible) to join Tenant Referencing UK and upload your rental details onto our ever expanding database of good tenant histories.
It's also possible to build your own tenant history and get the credibility you deserve. Simply register yourself here (click), provide limited details and an account manager will contact your previous landlords to access the history of your tenancies. Your unique file will then be created – it really is that simple!
Uploaded by landlords and letting agents, Tenant Histories provide a representation of a great rental history, helping to show a tenant as low risk.
Quite simply: if a prospective landlord can see that you have been registered on the TR Group referencing system, then they will trust you just that little bit more. Furthermore, we are experiencing a notable increase in cases where tenants who have been unable to meet the rental affordability have resulted in the landlord actually lowering the rent once a good tenant history has been proven.
If you have been registered on the system it will put your potential landlord in touch with your current and/or previous landlord. This enables your potential landlord to find out the truth about your current and previous rental history.
Fully compliant with the Information Commissioners Office (ICO), there is an official channel of recourse for tenants to request their LRS / Equifax file.
At the TR Group we never “Pass” or “Fail” any applicants. It is our belief that it is a landlord's decision how they wish to run their business and that transparency and understanding is the key to a good landlord / tenant relationship. If you fail the referencing process some landlords may not wish to rent their property to you. In some cases landlords may ask for more rental deposit upfront or for a guarantor.
Therefore we are not here to pass judgement, we're here to provide landlords and letting agents with the relevant information that they need to make an informed decision on a case-by-case basis. This makes us different to any other referencing company out there (to-date) as the final decision is left solely in the landlord or letting agents hands. We simply collect the data.
Last updated on Monday 21st August 2017