Beware of Fraudulent Tenants – Let Insurance Services

Let Insurance Services warns UK landlords against fraudulent tenants that have become more active in many British towns.

Most of them give false information of where they have been living previously and move from one property to another without any intentions to keep up with the rent.

"Tenant fraud is a growing problem for agents and landlords alike. And there is no sign of it easing in 2012, so it is essential that agents have a checklist for new tenants," - say experts at Let Insurance Services.

To help reduce fraud, landlords should ask for an ID and proof of current residency from tenants at early stages of tenancy. Also, a credit check is very helpful.

Another risk that landlords might face is subletting. To prevent this from happening, landlords should carry out regular property maintenance checks.

Also, landlords are more than welcome to contact professional agents trained to “spot anomalies, oddities and the potential for fraud in tenancy applications.”