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Reference Check Your Tenants
PlanetRent offers a quick and easy way to reference-check your tenants Landlords who want to repossess a rented home could have up to 12 months to wait before they can get their property back, according to property dispute lawyers at Irwin Mitchell, talking to Letting Agent Today earlier this week. The law firm says it's noticed a big increase in inquiries recently from landlords who now want to recover possession of a property that’s only been let since March.
Anecdotal evidence suggests that problems with tenants are now being seen due to pre-pandemic ‘panic-letting’ because landlords were keen to let their properties quickly. In some cases, this meant that the usual reference checks weren't carried out. Unfortunately, if a tenant is now causing problems due to rent arrears or anti-social behaviour, possession claims will now join the queue for cases to be dealt with.
By 23 August when the evictions ban is lifted there will already be a five-month backlog. Our advice is that before starting repossession proceedings, landlords and agents should engage with tenants to try and find a mutually acceptable solution, rather than going through the lengthy and potentially costly legal process. We've got another solution too. Our new cloud-based lettings platform PlanetRent, automates tenant referencing making it quick and easy and taking all the hassle out of the process for landlords and agents.
The other way to ensure that tenants stick to the rules is by making sure you have a watertight contract with no room for misunderstandings. As well as taking care of references, PlanetRent also prevents numerous potential errors in your contracts: it is all too easy to forget to change a name or the rent amount, omit prescribed notices, or spot that the words don’t match the numbers. Rogue tenants may be able to take advantage of mistakes like these and PlanetRent takes care of all that for you. Better still, you don't need to chase people to sign their contract as our e-signer will do that for you too.
We're confident that PlanetRent offers a great way for you to improve your entire lease-up journey including the contract. It even has clauses you can add in for pet rent and break clauses - and includes lockout periods. These are the best way to minimise voids and ensure you don't have contracts ending in December, January and August - the months when demand is lower.
Enabling the lock-out clause module means that if a tenancy would naturally end in the months you want to avoid, at the offer stage you can tell the prospective tenants that to rent the property they will need a 13-month tenancy, not a 12 month one. References taken care of and a watertight contract you can rely on. With PlanetRent it’s that easy. So download it today and take advantage of our killer PAYG pricing model. www.planetrent.co.uk Why not READ our Property Blog: www.ringleypropertyblog.co.uk
Planetrent Properties
Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.