Moving to a new area can be both exciting and time-consuming. Plus, finding the perfect rental and a good neighborhood can be exhausting, but once you do - your job is not over yet. The next thing in the process is passing a tenant reference check. Sounds easy enough, right? But it's not. This is a crucial step in your application that can decide the further course of events; aka, will you be able to rent the desired property or not. But, don't worry, with these six valuable tips - you'll get that dream apartment in no time!
Engage with caution
Doing research before submitting your application is the most effective approach to ensure that you will pass the tenant reference check. Do not submit an application for a property unless:
You have checked on your own credit score and the beacon score is above 600-650
You are not embarassed to discuss your finances with others
You are permitted to rent in Canada
Make an effort to improve your credit score
Check your credit score first to determine if there have been any changes made to it before you start filling out application forms for new rental properties. Most of the leading online suppliers of credit scores provide advice on how consumers might raise their credit scores. If there are a few simple changes that you can do to give things a boost, be sure to make them before you apply for the property. If you find any errors on your credit report, you should get them corrected as quickly as possible.
Be upfront about issues
It is almost impossible to pass your tenant referencing check if you do not disclose any problems to your landlord or rental agency. Although you may be tempted to cover up issues from your past, doing so might be detrimental to your application. Many landlords also require Liability' Insurance as a condition of their lease - if you openly discuss it with them, you can see how you feel about it and if it is worth adding on the contents insurance to the required liability insurance.
Honesty is a valuable virtue
Being truthful and forthright about any known problems is one of the most effective strategies to make your rental application stand out from the crowd and to prevent failing your check. Transparency is something that any potential landlord or Rental Agent would value. Prepare yourself to answer all of the landlord's potential questions honestly. Because of this, they could even give your application more weight than that of others!
Let your references know
Verifying your income and initial rent payments are standard parts of the tenant reference process. A solid rule of thumb is to inform your references that you intend to use their names before you do so. Then follow up to make sure they got the forms and are going to complete them as soon as they can. As it turns out, your references isn't anxious to know whether or not you've won the property you've been eyeing. It is essential to remember that your former company and or Landlord may be able to supply a letter of recommendation.
Organize your papers
Your council tax bill should always be in a safe place. What about your travel documents? It is necessary to be able to confirm your identity and residency to fill out reference forms. So, always have a picture ID such as a Passport or Drivers License available to provide with your application. As dull as it may seem, we can't stress enough how critical this step is. Please don't put it off till later. Also, putting your papers in order means you've already started packing. According to experts at Number 1 Movers Canada, this simple step can make the whole process easier and stress-free in the long run.
Also, you may want to check your credit report ahead of time to ensure no surprises. As previously said, if you discover that your credit history is less than fantastic, be upfront and explain why in your application. In some instances, landlords may also ask for bank statements. They often ask for this information to see whether you can afford the rent and other expenses.
Be quick to respond
No one enjoys having to wait. There is nothing worse than sitting and waiting for an important email/message to arrive from a potential tenant. Every person's most valuable possession is - their time. In light of this, it is recommended that all referring forms and inquiries be addressed as quickly as possible. The landlord will positively approve of you if you appreciate their time! Additionally, respecting their time will help you move to your perfect home in Toronto in no time.
After passing a tenant application - be ready to move
If you follow these six simple tips, you'll probably move to your desired property soon. So, there's one more step to be prepared for. Since moving locally, you need to find the best local movers Toronto has to offer. Be sure to team up with experts as soon as possible. When you have local movers by your side, moving can be more comfortable and not so nerve-wracking.
Conclusion
The whole process of renting can be pretty exhausting. From finding the right property to proving you are the right fit. But, if you follow these six simple tips for passing a tenant reference check, it might be a lot easier of an experience. So, take a paper, and a pen, put all of this on the paper, and get ready for action. The last piece of advice we can provide you with is - the sooner you start, the easier you'll get to the bottom of this. Now, the only thing left for us to say is - good luck to you, and we hope you'll move into your wanted home as soon as possible.