When a tenant moves from renting one property to renting another property under the same managing agent, do they typically have to fill in a second application form?
I would say yes? Wouldn't details have changed? And its a different owner that wants the information anyway right?
If they were a painful tenant, the agent would be moving them on rather than keeping them knowing what they were like sad a tenant.
Generally yes. If you ever do an insurance claim or debt recovery they'll want a copy of the application. The original one might suffice. Chances are though, if they were a good enough tenant to warrant recommendation, they likely would never spark a claim.
Depends on how long ago the application was (ie. If information is still relevant) on property number 1. Also depends on whether there's been a gap, for instance I had one tenant move between 3 houses with me. First one they applied for (obviously), moved out and about a year later came back, so they filled out another despite the details being the same except their last address - but then the third was straight after the second and the owners even agreed to a bond transfer, they just had to pay the difference as the other property was more expensive. I would say an absolute yes if there's been any gap at all. Depends on others, even just down to the type of owner - ie. Some want to look over the application.
The contact details when changing agency come on a different sheet than the application. Besides, the application likely has out of date contact details. Perhaps have another read of the question?
Definitely. As you already have their rental history, you're really just grabbing up to date income and contact details.
Uh uh... There are people on here who have ties too PMs who knowingly pass bad tenants to other LLs they deal with, as do many other PMs LLs need to realise that many PMs are often only about how much they make, a tenant has to be a real bad case for them too be wiped, if a ****** tenant keeps paying most PMs will cover them, cause they do not want the work changing them either. The worst PMs I have had were the highest chargers in fees. Attend inspections at random, and always be suspicious of those you detect that do not want you there.
Riddle me this. If you go for a new loan, what does your lender expect ? No rock un turned comes too my mind, a full invasive internal inspection....know what I mean ?
It’s a yes for me - better safe than sorry, contact and verifications up to date .... circumstances can change. I’d feel pretty foolish to find the rent not being paid in the first month of the lease because a basic verification wasn’t done that would have uncovered a job loss immediately prior to entering into a new lease.