If you are a landlord in Nigeria, tenant verification is an essential aspect of your job. It allows you to assess the reliability of potential tenants and avoid rental default and property damage. Here are ten reasons why tenant verification is essential for landlords in Nigeria:
Legal Compliance
Tenant verification is a legal requirement for landlords in Nigeria. Failure to comply with this requirement can lead to legal problems. By verifying the identity of potential tenants, landlords can ensure that they are complying with the law.
Tenant Reliability
Tenant verification allows landlords to assess the creditworthiness and rental history of potential tenants. This helps them to make an informed decision on the reliability of the tenant and the likelihood of rental payment defaults.
Reduced Risk of Property Damage
Tenant verification allows landlords to identify tenants with a history of damaging properties. This enables them to avoid renting to such tenants, reducing the risk of property damage.
Reduced Risk of Rental Default
Tenant verification helps landlords identify tenants who are likely to default on rental payments, enabling them to avoid renting to such tenants.
Criminal History
Tenant verification allows landlords to identify potential tenants with a criminal history. This is important for the safety and security of the landlord and other tenants in the property.
Avoiding Illegal Activities
Tenant verification helps landlords avoid renting to tenants who may engage in illegal activities, such as drug dealing or prostitution. By screening tenants, landlords can ensure that they are renting to responsible tenants who will not engage in such activities.
Verification of Employment
Tenant verification allows landlords to verify the employment status of potential tenants. This is important in determining if the tenant has a steady source of income to pay rent.
Verification of References
Tenant verification enables landlords to verify the references of potential tenants. This helps to confirm the identity and reliability of the tenant.
Avoiding Tenancy Disputes
Tenant verification can help landlords avoid tenancy disputes. By verifying the identity, employment, and rental history of tenants, landlords can ensure that they are renting to responsible tenants who are likely to pay their rent on time and follow the rules of the tenancy agreement.
Better Rental Property Management
Tenant verification helps landlords to manage their rental properties better. By screening tenants, landlords can ensure that they are renting to responsible tenants who are likely to take care of the property, reducing maintenance costs and preserving the value of the property
In conclusion, tenant verification is an essential aspect of being a landlord in Nigeria. It allows landlords to make informed decisions on the reliability of potential tenants and avoid rental default and property damage. It is also a legal requirement that must be complied with to avoid legal problems. By verifying the identity, employment, and rental history of tenants, landlords can ensure that they are renting to responsible tenants who will take care of the property and follow the rules of the tenancy agreement.