Tenant Selection and Qualification Process

At Dantejo Prime, we know that choosing a good tenant is essential to ensure financial security, the conservation of the property and a harmonious relationship between landlord and tenant. Our process is not only limited to financial analysis, but also to creating a relationship of trust and proximity, ensuring that both parties feel comfortable and secure in the rental agreement.

Here are the three key steps we take to select quality tenants in real estate investing:

1. Reference Checking

Before recommending a tenant, we look at their rental history, asking for references from previous landlords. This allows you to assess the fulfillment of payments, the care of the property and the type of relationship maintained with the previous owner. A good track record is a strong indicator of a responsible and trustworthy tenant.

2. Assessment of Financial Capacity

Just as a bank evaluates a customer before granting a loan, we analyze the tenant's financial stability to ensure that they will be able to meet the rent payment. To do this, we request:

• Map of Liabilities of Banco de Portugal – to verify active loans.
• Recent payslips – to assess current financial capacity.
• Type of employment contract – open-ended contracts are a factor of greater security.
• IRS declaration – to analyze the consistency of income over time.
• Calculation of the effort rate – to ensure that the rent does not excessively compromise the tenant's budget.

3. Extra Guarantees and Relationship of Trust

Where necessary, we advise you to strengthen security with additional safeguards, such as:

• Guarantor – a person who makes the financial commitment in the event of default.
• Advance rents – an indicator of the tenant's financial strength.

More than a bureaucratic process, we believe that the key to a successful rental is building a relationship of trust between landlord and tenant. We promote this proximity through clear communication, encouraging mutual understanding from the first contact.

Conclusion

Carefully selecting the right tenant reduces risk, avoids future problems, and ensures a safe and smooth lease. At Dantejo Prime, we help investors find tenants who, in addition to fulfilling their obligations, also value the relationship with the owner, making renting a positive experience for both parties.

If you want to know more about how to qualify tenants and maximize the return on your investment, get in touch with us!