How to Avoid Rental Scams When Listing Your Property

Georgie Kenny
By Georgie Kenny
Feb 21, 2021
Copied!
rental scam
Copied!

There are plenty of ways to list your rental property and attract high-quality tenants. 

However, the potential for falling victim to a scam increases, as with anything where there is money involved, 

Luckily, we’ve put together this guide to successfully avoiding scams when listing your property, with a few tips and tricks to help you spot them early on. 

What is a property scam that landlords can suffer from?

As a landlord, a scammer may try to sell your property or transfer it into their own name using false documents, especially if you do not live in the property. 

There are several ways in which you can work to avoid this: 

Sign up to Land Registry Property Alert service

The first thing you should do if you are concerned about a certain property, is to sign up to the Land Registry Property Alert service. 

This means that if someone attempts to make changes to a property that you have registered, you are sent an email. 

While it won’t automatically prevent people from making changes, it will alert you and therefore you can tackle the problem if necessary. 

As a landlord it is a really good service, as you can keep tabs on multiple properties at one time. 

Money stack and toy house

Place a restriction on your title deeds

Another way to ensure that you are as protected as possible is to place a restriction on the title deeds of the property you are renting out. 

In short, this means that the Land Registry cannot register a sale or mortgage unless a solicitor confirms that the application was made by you. 

Review all your tenants before they move in

It is important to thoroughly vet your tenants before they move in. Check their ID, credit history, current income and check in with their previous landlord. 

Checking in with a previous landlord means you can confirm the tenant is who they say they are. 

Visit the property

Of course, giving 24 hours of notice, make sure to visit the property within the first few days that the tenant has moved in. This allows you to check that the tenant is physically living in the property. Scammers tend not to move in. 

It is also a good idea to check up on the tenants at least every 6 months. If you feel that there is something amiss, make sure to take action quicker. 

It is very important to take the necessary steps to avoid scammers and to report any suspicious behaviour as soon as possible. 

Share:
Copy Link Copied!

Further reading…

,

What Does ‘Bills Included’ Mean on a Property Listing?

Finding the ideal property for you to live in can be a challenging and lengthy task.  Determining whether your rent charge is inclusive …

Alan Aksenenko
By Alan Aksenenko
Feb 21, 2021
,

Moving to Chorlton: Area Guide

Chorlton is a popular suburb of Manchester which boasts a variety of properties, from delightful family homes to professional, purpose-built buildings.  Chorlton has …

Marta Pobiarzyn
By Marta Pobiarzyn
,

Moving to Cardiff: Area Guide

Croeso i Gaerdydd! Whether you’re a young professional looking to jump-start your career, or a parent wanting great schools and plenty of space …

Georgie Kenny
By Georgie Kenny
,

Can You End a Tenancy Agreement Early?

Plans can change at a moment’s notice (especially in today’s climate), and you may find yourself having to move out of your home …

Georgie Kenny
By Georgie Kenny
Feb 20, 2021
,

Moving to Newcastle: Area Guide

Newcastle upon Tyne, commonly shortened to Newcastle, is a city with a lot to brag about. Commonly referred to as one of Britain’s …

Giorgia Brigatti
By Giorgia Brigatti