Agency wants more tenancy checks to combat fraud
Summary
Chestertons is urging the lettings sector to strengthen tenant referencing and carry out ongoing tenancy checks to reduce the risk of fraud. The article cites fake IDs, forged references and falsified bank statements as methods used to obtain rentals, with some landlords then facing rent loss, property damage and lengthy possession processes.
Why it matters
For residential property surveyors involved in lettings, management or due diligence, the piece highlights the operational and financial risks associated with inadequate tenant vetting. It also reinforces the importance of regular inspections and robust compliance processes in protecting asset condition and landlord interests.
Key points
- Chestertons is calling for better referencing and ongoing tenancy checks across the industry.
- Fraudsters are reportedly using fake IDs, forged references and falsified bank statements to secure tenancies.
- The article argues that move-in checks alone are insufficient and that inspections during the tenancy can identify issues earlier.
- Open banking and specialist compliance review are presented as stronger tools than document-only checks.
- Poor property management can lead to rent arrears, property damage and costly possession action.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
