Another great way to check a prospective tenants background is to utilise the services of the Tenant Profile Network, tpn.co.za. They are a credit bureau that specialize in tenants’ payment histories.
They can offer you information on how reliably the tenant has paid their rent in the past. This is very useful information when considering a new tenant.
They can also give very specific information about things like under what circumstances the tenant vacated the property. For instance whether it was due to them being evicted for non-payment or another breach of contract.
But it is not there to only show your tenant in a negative light. The service will also enable you to determine how well a tenant has paid in the past so that you can enter into a lease agreement with them confidently.
You can also provide other landlords with information regarding a previous “bad” tenant by having them blacklisted on TPN.
It is unfortunately a reality that we have to investigate a tenants ability to make payment but it is your investment and you have to educate yourself or possibly suffer the consequences.
Go to tpn.co.za and get their contact details if you are in need of their services.
