Saturday, October 18, 2014

10 things you need to trace a tenant

On the first ever Letting Essentials Course we learnt from Simon Bennett of Springfield Associates  what the 10 essential pieces of information that a landlord needs are if a tracing agent is going to be able to find a tenant who has disappeared.  They are surprisingly straightforward, but having these bits at information at the start of the tenancy could give you up to a 75% of your tenant being traced if they abandon your property compared to the figure of only 9% success rate for debt recovery in the courts.

The information he suggest that are needed are:
  • FULL name including all middle names 
  • Correct date of birth 
  • Last known address 
  • Last permanent address 
  • Family address 
  • Partners FULL name 
  • Partners last known address and permanent address 
  • Family address 
  • Phtographic ID - driving licence, Home Office ID card, Passport 
  • National Insurance number
 How many of these do you obtain from your tenants before handing them the keys?  Tracing costs start from £75 but be warned finding a penniless tenant can be less than useless if you want your money back...unless you have a solvent tenant guarantor in place.

Worth thinking about.....

Landlord insurance - expert brokers - professional rates

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