Take Wise Renting Decision To Mitigate Risks

By Author: Naman Vohra
Total Articles: 42

Renting out apartment or flat is becoming more and more common practice amongst the landlords. one of the most pressing worries for landlords is the prospect of nightmare tenants. It should be landlord's primary area of concern to find if the safety of his flat is assured with the tenant he has chosen. One should have a concrete answer to the question asking about the reliability of the tenant beforehand to avoid unpleasant surprises.

In the wake of rising instances of crime related to tenants, police authorities have also taken up the issue of creating awareness on the need of tenant registration and its benefits. They are urging the landlords to get the details of the tenant registered first so that decisions made in haste do not land them in troublesome situations. Tenant registration when coupled with tenant background check can work wonders in knowing some vital information regarding the past of the tenant. Conducting criminal background checks is more important than landlords might realise — an individual with a criminal history, who continues living a life of lawful offence, can have a great impact on a building and even an entire community.

There are many checks that are included within tenant verification. During address verification, the verifier checks all the details related to potential tenant's present address as well as his previous addresses, which is as per the customer's requirement. In employer verification, details related to the previous employment of the candidate are checked. Additional checks may include Indian criminal record check where the prospective tenant's name is ran through the criminal record database to look for any record of his. Address and employer checks are generally an essential combination of physical visits as well as telephonic confirmations, including education check to a large extent.

Once verified, a landlord can hand over the keys as one can be assured that a person who has maintained a clean record so far would not indulge in anything undesirable. Also, he can be assured that tenant's conduct is good enough which would add to the tenant's credibility. Though a clean past does not guarantee a clean future, but tenant background check definitely mitigates the risk to a large extent.