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What are the requirements for blacklisting a delinquent tenant?

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What are the requirements for blacklisting a delinquent tenant?

There are three requirements to load a blacklisting on a tenant. Firstly, the tenant must be in arrears for 3 consecutive billing cycles. Secondly, 20 business days must have passed from your notification to the tenant that they are in breach before you can load a blacklisting. Thirdly, the Letter of Demand must include a warning of the adverse effects to the tenant's credit record should they fail to make payment. Here are all your questions answered...

🔹 Do you blacklist all the tenants on a lease agreement? Yes.

🔹 Can you blacklist a tenant for unpaid utilities? Yes.

🔹 Can you blacklist for damages only? You cannot blacklist your tenant for damages only, you can only blacklist for rental and utilities. Through the TPN System you are able to blacklist a tenant on both TPN and TransUnion.

🔹 Can you blacklist a tenant more than once? No, you only get one opportunity to blacklist a delinquent tenant. If the blacklisting is removed, it cannot be re-listed further down the line.

🔹 Can you blacklist a tenant who has vacated? Yes, you can blacklist a tenant for an agreement that has ended. But make sure that you do not blacklist for prescribed debt which is debt older than 3 years.

🔹 How long is a TPN blacklisting valid for and what happens if the tenant has not cleared the debt by then? A blacklisting reflects on a tenant's credit profile for 12 months. If the tenant has failed to remedy in terms of the outstanding amount and the amount is less than R20 000, you can approach the Small Claims Court to obtain a Judgement against the tenant. If the outstanding amount exceeds R20 000, you need to approach an attorney to obtain Judgement that is valid for a period of 30 years.

#landlords #managingagent #estateagent #propertyinvestor #landlordtips #tpn #residentialproperty #blacklisting #delinquenttenant

Author TPN
Published 18 Aug 2022 / Views -

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