Page 5 - The Ultimate Lanlord Guide_Neat

You are entrusting your entire property asset to the
tenant, so once you have received interest and
showed the property to a prospective tenant, ensure
that you have them complete an application form to
contain at least the following details and information:

Full name and ID number of applicant and spouse.

Contact details – phone, mobile and email addresses.

Details of all people who will occupy the property.

Current Employer + contact details.
Current household salary (attach payslip and bank

statements for last 3 months)

Current address and landlord contact details
Alternative contact (next of kin)

NOW THE MOST IMPORTANT PART – DO A FULL TENANT SCREENING:

1. Do a credit bureau check and criminal check using their ID number. Use TPN
(Tenant Profile Network) www.tpn.co.za as you will not only receive the credit bureau
info, but also their tenant profile and rental payment patterns. Proceed with extreme
caution if the profile is filled with “Did not Pay”, “Paid Late” or “Part Payment”- all lit up
in nice bright colours of red and orange.

2. Call and confirm their employment. Google the company if you don’t know them and
verify the contact details against your Google search. Always try to call a landline number.

3. Verify the salary via the employer’s HR Dept. Simply tell them who you are and why you

are verifying, if legitimate, you will not have a problem receiving the confirmation. They may
not tell you if you ask what the person earns, but they will agree or disagree if you provide
the salary information that you have.

4. Verify the bank account number provided with the banking institution, then scan
though the bank statement and taking into account the monthly expenditure, calculate
and ensure that the tenant will easily be able to afford paying the rent, esp. if it is
higher than his previous rental. Verify that rental has been paid from his bank account

in the past. A rule of thumb is that the tenant should earn a gross salary of at least
three times the rental amount, but do check the other monthly expenses to ensure
that they will be able to easily pay your rent. Specifically look out for authorized
negative balances and returned or unpaid debit orders.

Etchells and Young Property Brokers P A G E 4