When it comes to letting property, one of the major concerns for landlords is ensuring that the tenant is able to pay the rent on time and for the full term of the lease. So how do you ensure that a tenant is solvent? What is the definition of a solvent tenant? How do you calculate a tenant's solvency? Eacute;léments de réponse.
The first step is to assess the applicant's professional or academic situation. In particular, you have the right to ask a potential tenant what their profession is, what type of contract they have with their company and, in the case of students, you can ask to find out more about their parents' situation. Don't fall into the trap of considering the situation of students as more precarious or fragile than that of others, but take into account all the factors that make up the candidate's income and situation. SherlockHomes makes this easy by offering tools that allow you to check the situation of people who are solvent.
Another important step: compare the proposed rent with the tenant's income. We recommend that you carry out a solvency calculation to ensure that the tenant's monthly income is at least two to three times higher than the monthly rent. This margin of safety, known as the "residual income", is essential to ensure that the tenant will be able to pay the rent without difficulty. If you don't get enough applicants with this rule, you could consider adjusting it downwards to 2.5 times the rent, or even twice the rent. This could mean you don't have to spend à côté a solvent person for the rental.
To carry out the tenant solvency calculation, you will need to gather and check a number of documents:
Other documents, such as bank statements or bank certificates, may not, however, be requested.
SherlockHomes offers you a range of tools designed to simplify the rental management and ensure that you are renting to a solvent person. So our solution offers to automate the management of your property AND to manage it for you (AT NO COST):
This includes :
Candidate, Sherlock help them à create complete and solid files with a whole simple course. They can easily apply and we help them obtain various documents to prove their solvency, such as the extract from the register of debtors.
Then we'll also manage rental management with our assistance solution:
And by choosing our Sherlock Autopilot solution, be 100% relaxed, everything is under control. Sherlock takes care of everything and selects the tenant for you based on criteria that you have defined in advance. Thanks to this new approach, we can provide our customers with an instant, stress-free user experience without being over-solicited. But also top reliability and safety for owners.
This article is not intended to be exhaustive and does not incur the liability of its author.
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