Tenancy Details

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Tenancy Profile - What does it mean ?

A tenancy profile is a comprehensive record of a tenant's rental history, employment status, income, and references.
A strong tenancy profile is favourable for tenants. It increases their chances of obtaining suitable rental homes and receiving discounts on monthly rent and large deposits, since landlords favour tenants with a good renting history and financial stability.
A well-documented profile can also expedite the application process, reducing delays in finding a new place to live, and it makes the whole renting journey easy for the tenant and the landlord, removing complexity, time-consuming processes, and manual efforts.
Moreover, it reflects responsibility and reliability, fostering positive landlord-tenant relationships and potentially leading to better leasing terms and accommodations. In essence, a tenancy profile serves as a valuable tool for tenants, helping them secure quality housing and peace of mind.



How does it work ?

A tenancy profile works by compiling key information about a tenant's background, financial stability, and rental history into a document. Typically, it includes details like previous rental addresses, employment history, income verification, tenancy score, and references.
When a tenant applies for a rental property, they submit this profile along with their application. Landlords review the profile to assess the tenant's suitability for their property. A strong tenancy profile can demonstrate reliability and reduce the risk for the landlord, making it more likely for the tenant to be approved.
Overall, a tenancy profile acts as a tool to help landlords make informed decisions about prospective tenants, while also allowing tenants to showcase their qualifications and credibility as renters.



Steps to Create Tenancy Profile

  • Click on Create/Manage Tenancy Profile
  • Provide a few personal key details in the personal details section.
  • Let us know about your income and occupation details in the next step.
  • Fill out your requirements.
  • Submit and get the best offers from owners on rentals and deposits.



Benefits

Having a good tenancy profile offers several benefits for both tenants and landlords:

  1. Increased Rental Opportunities: Tenants with strong profiles are more likely to be approved for desirable rental properties, as landlords prefer tenants with a history of responsible renting.
  2. Faster Application Process: A well-prepared tenancy profile can streamline the application process, reducing delays in securing a rental property.
  3. Negotiating Power: A positive profile can provide tenants with negotiating power, potentially leading to better lease terms or accommodations.
  4. Trust and Reliability: Landlords are more likely to trust tenants with strong profiles, which can lead to a more harmonious landlord-tenant relationship.
  5. Reduced Risk: A good tenancy profile can demonstrate financial stability and responsibility, reducing the risk of rent defaults and property damage.
  6. Competitive Edge: In competitive rental markets, a strong profile can make a tenant stand out among other applicants.
  7. Peace of Mind: Tenants with good profiles may find it easier to secure housing, reducing the stress associated with the rental application process.
  8. Better tenancy background: Keeping track of the tenancy profile helps tenants get desirable accommodation easily, even when they go outside of India.
In summary, a good tenancy profile enhances a tenant's chances of securing rental properties and fosters positive landlord-tenant relationships, ultimately providing more opportunities and peace of mind for renters



Personal details


Professional & Income details

Requirements



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