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Reference From Previous Landlord Necessary With Letting Agents Eastbourne
02 April, 2010
When it comes to getting rental properties, various aspects about the tenant are analyzed by letting agents Eastbourne. One of the first things analyzed is the financial ability and condition of the tenant in question.
Existing Finances
The existing financial position of the tenant is ascertained and in this manner any voluntary arrangements, bankruptcy orders, administration orders, judgements from the county court etc. are disclosed by the letting agents Eastbourne thus providing clear indication about the ability of the tenant to pay the rental amount. This procedure of analysis helps to reduce the amount of risk incurred by the landlord.
The Affordability
While the individual tenants ability to pay is analyzed, so is the affordability. Based on the overall earnings of the tenant in comparison with monthly rental amounts, the letting agents Eastbourne will ascertain how much the tenant is able to afford towards rental payments. The previous reference of the earlier landlord is necessary to provide indication of the rented property commitment during the past. This will also bring to light any arrears or dilapidation over the property while the tenancy was on. The references from employers are also necessary to confirm the salary, position held and if this is temporary or permanent.