There are a number of reasons why thorough references on all tenants are an absolute necessity prior to agreeing any tenancy:
A thorough reference protects the landlord and helps to significantly reduce the risks associated with letting out the property
A thorough reference ALSO rewards tenants who have previous history of looking after properties, and their finances, well, thus, giving them a better chance of obtaining their dream home!
What is a thorough reference?
Some (and too many) letting agents will only obtain the very basic references (credit reference, employer reference and previous landlord reference) and will even just write to names given by the prospective tenant (sometimes to find that you’ve actually received reference from their friend and mother!), also, letting agents should ALWAYS allow you to see all references (if requested) to allow you to input in the decision (if you wish) as to whether you are happy with the reference received and want to go ahead with the tenancy.
A thorough, and minimum standard for the protection of landlords, reference must include:
CCJ’s (County Court Judgements)
Previous Landlords written reference (As given by the tenant)
Bank Account (Can take a long time and is easier to ask for statements)
Council Tax Payments
Previous Landlord (lifestyle referencing)
With A Credit Reference giving you the financial history of a new tenant and a Lifestyle Reference (which gives you a history on how your tenant conducted themselves with previous landlords), you truly have the best of both worlds. And are much safer.
Also, having conducted a reference of this depth,you are also able to undertake a rent guarantee insurance policy, if required (and CPG Lettings would be more than happy to discuss this with you).