You should be performing enquiries on all potential occupants of the
property.
TPN has noticed that there is an increasing trend for tenants with bad
credit profiles to get friends or partners with clean credit to rent properties
in their names. This often results in the occupant with bad credit not paying
their share of the rent, resulting in partial payment.
This can be very frustrating for Estate Agents and Landlords as the
paying tenant normally refuses to pay the remaining portion of the rental.
The same applies to companies. Be sure to credit vet the
members/directors especially in the instance of a sole proprietor. How a
consumer handles their credit is indicative to how they will handle the
company’s credit. Companies can very easily stop trading making it crucial to
fully understand the risk on not just the company, but the directors associated
with that company in their personal capacity as well. Remember, written consent is needed to credit
vet the individual in their personal capacity.