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Importance Of Tenant Verification

Lonestarrealty
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Importance Of Tenant Verification

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  1. Importance Of Tenant Verification It is highly recommended to verify the prospective tenants for determining if they are worthy and to avoid any kind of loss to the property. 1 2 3 One main reason for tenant verification is to reduce the risk of fraud. Therefore, intensive and effective screening is imperative. Screening the tenants also minimizes the risk of income loss. So due diligence should be conducted to help verify the tenant. Effective screening can enable the property owner to avoid liabilities arising from the non-existence of insurance cover by tenants. 4 5 Most importantly, a thorough verification ensures that the tenants are what they claim to be. It will save the owner from facing any default challenge leading to evictions, midnight moves, and default of leases. www.lonestarrealty.net Lone Star Realty & Property Management, Inc. 1020 West Jasper Drive, Killeen, TX 76542 Phone: (254) 699 - 7003 Image Source: Designed by Freepik

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