IMPROPER TENANT SCREENING: A COSTLY MISTAKE FOR PROPERTY OWNERS

IMPROPER TENANT SCREENING: A COSTLY MISTAKE FOR PROPERTY OWNERS

One of the biggest mistakes Landlords make is failing to screen tenants properly before renting out their properties. Many rush to fill their vacant apartments without background checks or assessing financial stability, leading to serious tenancy problems.

Without proper screening, Landlords risk renting to tenants with a history of rent defaults, property damage or legal disputes. Some tenants move from one property to another leaving behind unpaid rent.

Others misuse the property, damage facilities, engage in illegal activities or create conflicts with neighbours.

Beyond financial losses, failing to assess creditworthiness makes rent recovery difficult. A tenant with poor financial discipline is unlikely to prioritize rent payments.

Eviction battles can take months or years, draining Landlords of time and resources.

To avoid these risks, as a Landlord, you should verify employment/business, check rental history and obtain references from previous Landlords. A well-structured tenancy agreement prepared by a Property Lawyer will provide legal protection and prevent disputes.

In real estate, a bad tenant is more costly than a vacant property. Proper screening of tenants safeguards your investment and ensures a smooth rental experience.

If you need legal help with these and more, contact APEX CHAMBERS, Property/Real Estate & Business Lawyers, Attorneys, Barristers and Solicitors in Port Harcourt, Nigeria.

Phone: +234(0)7030868694

Email: info@apexchambersglobal.com

Website: www.apexchambersglobal.com