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Tenancy Credit Checks
Comments
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jjlandlord wrote: »No-one talked about the landlord "changing his mind", just about failing the landlord's referencing procedure.
But if the applicant was honest on the initial application, and the LL accepted that as 'good enough to proceed', then the checks are really just a confirmation of the information already presented.
So anything that comes up (if the applicant was honest initially) will be irelevant as the LL already knows this0 -
So anything that comes up (if the applicant was honest initially) will be irelevant as the LL already knows this
By definition, the landlord cannot already know anything that comes up.
That's irrelevant in any case, there's nothing wrong with a non-refundable application fee, they are used in many situations.0 -
jjlandlord wrote: »By definition, the landlord cannot already know anything that comes up.
That's irrelevant in any case, there's nothing wrong with a non-refundable application fee, they are used in many situations.
Ok the LL is informed, seeking confirmation.
There is something fundamentally wrong with non refundable fees, if those fees are used as any form of income to the LL/Agent.
Fees rarely match up to the actual 'cost'. It does not cost £150 to reference a tenant.
If the prospective tenant pays for a service (for example a credit check, employment check and so forth) and pays over the 'cost' price, there is a fundamental conflict of interests. The Agency is making money for nothing, with no obligation.
A good system is where in theory the application is suitable, and therefore the fees will normally only be returned if the LL changes his mind. If the checks reveal new information, which was not previously known, then ofcourse the fees should not be returned.0 -
jjlandlord wrote: »By definition, the landlord cannot already know anything that comes up.
That's irrelevant in any case, there's nothing wrong with a non-refundable application fee, they are used in many situations.
That may well be blunt, but it's not very fair is it.
If a prospective tenant advises of any past financial issues and the LL proceeds with the check, and that check confirms what the applicant has said, it's not right they should lose the 'fee' (read landlord profit bonus payment).0 -
I'm not going to follow you into a 'pub argument'... Be my guest, though.0
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jjlandlord wrote: »I'm not going to follow you into a 'pub argument'... Be my guest, though.
So it's ok to take the prospective tenants money, for literally nothing.0
This discussion has been closed.
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