Tenant Certificate

Certyfikat najemcy - Homely Estates - Biuro Nieruchomości - Zdjęcie w tle - Podpisanie umowy
When we rent an apartment, we entrust strangers with our assets worth hundreds of thousands and risk several tens of thousands of income per year. How can we be sure that the tenant will pay rent regularly? How to check his credibility, while data protection regulations tie our hands? Tenant Certificate is an answer.
Many landlords reach for radical methods and conduct entire castings for a tenant, or like the best detectives scour social media in pursuit of information about interested parties. An apartment is too valuable an asset to entrust to tenants based on first impressions. That’s why, as a real estate agency Homely Estates, we rely on an innovative solution on the Polish real estate market, which will allow you to easily and quickly verify information about a tenant without leaving home.

What is a Tenant Certificate from Simpl.rent

The Tenant Certificate is a report that verifies the tenant in three areas: confirmation of identity, verification of payment of existing obligations, and a reconciliation of income with the cost of rent. The Tenant Certificate allows the landlord to mitigate the risks associated with the financial side of renting.
At the same time, the tenant gains a guarantee of reliability and a significant competitive advantage in a situation of selection from among many interested parties. Verification is based on hard data, which protects the process from information manipulation.
Unlike traditional verification, the tenant has the comfort of confidentiality. The information shared in the process will never be presented to the landlord, so there is no concern about the impact of income levels on changing the expected rent.
Unlike traditional verification, the tenant has the comfort of confidentiality. The information shared in the process will never be presented to the landlord, so there is no concern about the impact of income levels on changing the expected rent.
Simpl.rent is the first platform in Poland that allows full financial verification of tenants. The entire process is conducted online, so there is no need for a face-to-face meeting. The verification process usually takes less than 20 minutes from the moment the verification link is received.
Simpl.rent is a way to verify a tenant with special care for their personal information and privacy.
Simple and quick tenant verification will reduce a lot of paperwork involved in securing the rental process, as well as minimize the risk of default. A popular solution to facilitate the enforcement of the contract has so far been the occasional lease, but it is worth remembering that for the landlord it means higher costs for securing the contract. With a Tenant Certificate, it is possible to quickly verify the tenant’s ability to pay rent.
Tenant Certificate - Homely Estates - Real Estate Agency - Visualisation

How it works

The tenant verification process consists of three steps. The first is to verify the identity of the tenant. Basic personal information can be verified through open banking or by confirming the data from an ID document by taking a quick “selfie.”
Verification of a tenant consists of three steps: checking identity, payment history of obligations, and comparison of income with the cost of rent.
The tenant’s payment history and financial credibility are then analyzed to confirm timely payment of bills and not being in arrears with other payments. The data is verified using the databases of the Credit Information Bureau (BIK) and two business information bureaus: BIG InfoMonitor and ERIF. Such verification makes it possible to judge how high the risk of late payments is.
The final stage of verification involves comparing the net income with the cost of rent for a given property. Thanks to cooperation with open banking systems, it is possible to instantly analyze earnings, which, when juxtaposed with the landlord’s expectations, allow the system to instantly assess the tenant’s ability to pay rent. Importantly, the landlord will not receive any sensitive data about the tenant. According to the recommendation of financial experts, the system requires twice as much net income as the cost of rent to positively assess the tenant’s ability. The information that is transmitted to the landlord is limited only to a positive or negative consideration of this criterion.
As a result, both the landlord and the tenant receive a report that provides an overall assessment and an evaluation of the various stages of verification.

Is tenant data safe? How does GDPR affect the Tenant Certificate?

Simpl.rent pays special attention to data protection. All data is encrypted during transmission via SSL connection using 2048-bit key. Personal data is processed only for the purposes of the indicated process and will not be shared anywhere. For more information on the data processed by Simpl.rent and the basis for processing this data, it is worth reading the following Privacy Policy.
With Simpl.rent verification, the landlord will only receive a report with an assessment of the tenant’s ability to pay rent. All sensitive data will remain safe in the system.

Benefits for the tenant

With the Tenant Certificate, it is possible to present the landlord with a certificate of your credibility, and thus stand out from the many interested in renting the most attractive properties.
At the same time, it is a step towards a much safer transaction and a reduction in the presentation of documents to the landlord. Thanks to verification in the Simpl.rent system, the landlord will only receive a report with an assessment of the tenant’s ability to pay rent. All sensitive data will remain safe in the system.
Importantly, it is also an opportunity to gain credibility for students who do not have a fixed income. Verification can be passed by the parent who will finance the rent payments.

Summary

The Tenant Certificate from Simpl.rent allows you to quickly and easily verify potential tenants, and instantly gain a significant competitive advantage in your efforts to find the most attractive apartments on the market. Thanks to the appropriate data processing system, it is possible to verify the financial capacity of the tenant, while maintaining full privacy. It is safe to say that this is a win-win situation for both landlords and tenants.
Ask our advisors or for such a Tenant Certificate or contact us and we will help with the entire verification process as Simpl.rent partners.
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