Beware of tenant history Misrepresentation
At Tenant Referencing UK we have recently been alerted to a worrying tenant history trend that we fear is misleading growth in the lettings industry, by misrepresenting what a tenant history report actually is. So we would like to draw your attention to this today, in order to protect yourself and your properties from rogue tenants and ineffectual Rent Guarantee Insurance claims in the future.
Following contact with one of our landlord users, regarding an FCC Paragon tenant reference that they wanted to use alongside one of the TenantReferencingUK RGI policies, one of our vigilant data processors picked up on this section of the reference:
So what is the difference between Tenant History Reports from TenantReferencingUK and any other referencing company currently in business (to date)?
Firstly, lets be clear;
The Oxford English Dictionary defines
the term ‘History’ as:
A continuous, typically chronological, record of important or
public events or of a particular trend or institution.
The Oxford English Dictionary defines
the term ‘Opinion’ as:
A view or judgement formed about something, not necessarily based
on fact or knowledge.
Would you say that being
reliant on what a tenant tells you is factual?
Would a tenant give
a detrimental history against themselves?…
Tenant History Reports
from any other Tenant Referencing Provider:
This data has
been gathered directly from the tenant, meaning that these companies are
totally reliant on what the tenant has
told them. Even if they supply their real landlord,
if the landlord wishes to get rid of them he will give a spurious reference to
‘get shot’ of them as quickly as possible! And although the original
landlord on every referencing system may be a bit dubious if they are trying to
get rid of a tenant, our landlord members have the ability to upload constantly
after the tenant has left and this is where we clinch the lead in trustworthy
and transparent referencing procedures. Plus, once the tenant has vacated
the property our landlord members are quicker at adding their data to
our ever-growing database and as the databases mature, more and more histories are
revealing themselves on habitually problematic tenants over the ages.
This misleading tenant ‘history’ data is also historic and static;
not in real-time – meaning that it may have not been updated for months or even
years!
Tenant History Reports at
TenantReferencingUK.com:
A Tenant History Report is
the data that has been gathered directly from our member Landlords and Letting
Agents about their tenant and/or applicant tenant that they may have had
apply for a rental property. Gathered by LandlordReferencing.co.uk exclusively over
the last seven years, our Tenant History database now holds hundreds upon
thousands of real-time entries about the rental histories of both problem
tenants and good tenants across England, Wales, Scotland and Northern Ireland.
This method has been developed exclusively by us, meaning
that no other company in the UK can offer
such reports.
Working
in real-time, the more Landlords & Agents that join and reference via our
system the more Tenant Histories are created. Our members actually become
part of that tenant’s reference in the future, so when another member searches
for a tenant they will immediately show up as a match as a previous Landlord or
Letting Agent. The main benefit of our unique service is that our member
landlords and agents will never have to rely on what a
tenant tells them to get a complete and proper reference.
Any rent default and/or property damages incurred can also be documented at
LRS, which further protects all of our communities from the likes of
anti-social behaviour, criminal activity, subletting, multiple applications,
fraudulent applications, etc.
Our ever increasing circle of landlord and agent members are constantly updating their uploads on the website in real-time, so it has really worried us that you may be being mislead by your current referencing provider.