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