Tenant Introduction

A tenant introduction service assists landlords in finding suitable tenants for their rental property, typically without managing the property or collecting rent on an ongoing basis. These services handle tasks like advertising the property, conducting viewings, referencing tenants, and preparing tenancy agreements, while the landlord handles property management and rent collection. 

Key Features of a Tenant Introduction Service:

Finding Tenants:
The service seeks and finds suitable tenants, often using various marketing channels like online property portals. 

Tenant Referencing:
A key part of the process, all potential tenants are fully referenced, including credit checks and referencing with previous landlords and employers to make sure we are introducing a tenant who will not cause any issues going forward when it comes to paying rent and looking after your property.

Property Presentations:
First impressions are always important and are often unforgettable. This is when we can provide high-quality photography and floor plans to attract potential tenants to make your property even more appealing to potential tenants. 

Viewings:
All prospective tenants will wish to view the property beforehand and we will make sure this is carried out at a suitable time for all parties.

Tenancy Agreement Preparation:
Drafting the tenancy agreement, ensuring all legal requirements are met and adhered to. 

Tenant handover:
The service may handle the handover of keys to the tenant and retain a copy for emergencies. 

Free Rental Market Appraisal:
Some services offer free rental market appraisals to help landlords determine a suitable rental price, according to David Daniels Property Services. 

Fees and Considerations:

Finder's Fee:
Tenant introduction services typically charge a finder's fee, which is a percentage of the gross rent for the term of the tenancy. 

Additional Fees:
There may be additional fees for tasks like inventory preparation or obtaining safety checks. 

Landlord Management:
After the tenant has been introduced, with it being a tenant introduction only, landlords are generally responsible for property management and rent collection.

Benefits of Using a Tenant Introduction Service:

Reduced Time and Effort:
With the added burden of finding a suitable tenant, this method prevents this and the landlords avoid the time-consuming process of finding and referencing tenants. We do this for you making the process seamless and easy.

Professional Marketing:
Having links to all the main letting portals available, we can have your property seen by everyone on the market meaning more interest. 

Risk Mitigation:
Doing background checks and referencing on potential tenants is vital and helps reduce the risk of defaulting or problematic tenants.  

Legal Compliance:
Services ensure adherence to legal requirements for tenancy agreements and safety checks. 

Contact Lux Realty to lead you in the right direction. Our helpful staff are available to assist at any time.