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Tenant Check before Renting your Property

tenant check before renting property

Many people in Pakistan wish to get a good income through letting their property including homes, houses, flats and apartments. Usually people think that renting their property is an easy task but there are many things to consider while renting property especially selecting right tenant for the property is very important, it is good to carry out a thorough check on tenants before signing any contract. Here are some point that should be considered while selecting good tenants

1-      Criminal Check

Criminal background does not mean to check if he is murderer or a thief, it means to check the history of that person so that no illegal activity takes place after you have given the keys of your property. Criminal information can be viewed at various court houses and from the places where the tenant has lived before.

2-      Financial Check

Financial information is very important to check before renting out your property. It is worthwhile to check the source of income i.e. his employment occupation or business and whether the tenant is stable enough to pay rent on time or not.

3-      Background Check

The most important thing to check is the background of tenants before signing any contract. There are many mafias or political workers that acquires the property on rent and then at the end of the month or two they are unable to pay rent or they refuse to pay rent. So, to keep out of all these issues, check who you are renting your property to.

Choosing the wrong tenants for your rental property can end up in property damages and many other losses. It may not be possible to protect yourself completely while renting property but evaluating your tenants carefully decreases the level of risk.

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