Across the UK, letting agents are feeling the strain of new legislation in the industry. In particular, the ‘clarification’ on tenancy fees in Scotland (with England and Wales soon to follow) is leaving many agents wondering what support remains for them and who is on their side.
Rogue agents and landlords are tarnishing the reputation of all those working in the industry, when in reality the majority are acting in a fair and reputable way and are sadly paying the price for all the new legislation that is being enforced.
Despite the new legislation banning tenancy fees, tenant referencing is still of vital importance to ensure that a prospective tenant is fit and proper to let a property. Going by “Gut feel” - taking tenants at face value - is a risky route. To help manage the risk and allow one to make an informed decision to protect the interests of an agency business and their landlords, a full reference with a credit check is strongly recommended.
But how does an agent accomplish such an undertaking without having to absorb a high cost for the time and expense involved?
The answer is to take control and let technology do the work for you. Decrease your referencing outlay and reduce the risk from your letting process with Lettingref - the easiest way to reference tenants online.
Try Lettingref for free with this coupon for 2 FREE credit checks.
Coupon code –“LR-LAT”
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