Landlord Checklist For New Tenants

LANDLORD CHECKLIST FOR NEW TENANTS 1 Vetting your tenant | Meet the renter so you can vet the person and identify him/her | Ask for bank statements and proof of income if you need to assess their affordability Take a copy of the renter's passport and visa when signing the contract If working with an Accommodation Manager from a company or third party, take a copy of their company ID, passport and visa when signing the contract. Get a letter from the company detailing his/her occupation and stating that person is authorised to sign the rental contract. If possible meet the Accommodation Manager and the other company representatives together so they can identify and vet him/her Do a site inspection after signing, to identify the tenants who occupy the unit. If the company starts renting more properties after the initial agreement do another site inspection 2 Contract | Have a solid contract document in place, not a one pager (Better Homes rental contracts are 11 pages) Contract should include a 'no subletting' clause. Have the tenant or company confirm in writing who is living there with him/her so he/she cannot sublet Every agreement with the tenant made should be in writing Register the contract in the Ejari system with the property title deed (Government cost involved) 3 Cheques | If the contract is in the name of the tenant, make sure he/she gives you their own cheques to pay the rent If the contract is in the company's name, make sure the company's details are on file and you have a letter from them confirming that the cheques have been given to the tenant If any third party is paying the rental cheques, they should have provided a letter to confirm that they have given the cheques to the tenant for renting this property and obtain a copy of the third party's visa and passport 4 Contact the professionals Hire a reputable Property Management company like Better Homes to safeguard and maximise your investment with less hassle. Call +971 600 52 2212 or email [email protected] www.bhomes.com LANDLORD CHECKLIST FOR NEW TENANTS 1 Vetting your tenant | Meet the renter so you can vet the person and identify him/her | Ask for bank statements and proof of income if you need to assess their affordability Take a copy of the renter's passport and visa when signing the contract If working with an Accommodation Manager from a company or third party, take a copy of their company ID, passport and visa when signing the contract. Get a letter from the company detailing his/her occupation and stating that person is authorised to sign the rental contract. If possible meet the Accommodation Manager and the other company representatives together so they can identify and vet him/her Do a site inspection after signing, to identify the tenants who occupy the unit. If the company starts renting more properties after the initial agreement do another site inspection 2 Contract | Have a solid contract document in place, not a one pager (Better Homes rental contracts are 11 pages) Contract should include a 'no subletting' clause. Have the tenant or company confirm in writing who is living there with him/her so he/she cannot sublet Every agreement with the tenant made should be in writing Register the contract in the Ejari system with the property title deed (Government cost involved) 3 Cheques | If the contract is in the name of the tenant, make sure he/she gives you their own cheques to pay the rent If the contract is in the company's name, make sure the company's details are on file and you have a letter from them confirming that the cheques have been given to the tenant If any third party is paying the rental cheques, they should have provided a letter to confirm that they have given the cheques to the tenant for renting this property and obtain a copy of the third party's visa and passport 4 Contact the professionals Hire a reputable Property Management company like Better Homes to safeguard and maximise your investment with less hassle. Call +971 600 52 2212 or email [email protected] www.bhomes.com