Tenant referencing and insurance provider Husmus has announced what it says is the first Outcome-Based Pricing model for tenant referencing. 

It will replace the traditional “pay-per-check” model with a single, fixed fee that covers a vacancy until it’s filled. 

The new pricing model is available immediately to both letting agents and private landlords. 

Husmus says its ‘One Fee Until Success’ model will be a relief for landlords facing higher costs due to increasing tenant screening.

Providing budget certainty

“The upcoming changes in legislation mean that the ‘old way’ of quickly filtering applicants is no longer viable or compliant,” said Sarah Wernér, CEO and co-founder of Husmus. 

“Our new model provides landlords and agents with the budget certainty they need to manage this transition. 

“By removing the cost of failed checks, we allow property providers to focus on finding the right tenant for their property without worrying about escalating administrative fees. “

Because Husmus also provides rent guarantee insurance for the tenants it approves, the company holds the liability for the accuracy of its assessments, it said. 

“We have a direct stake in the quality of the tenant,” said Wernér. 

“Unlike standalone referencing firms, we cannot afford to lower standards just to close a file, because we are the ones providing the insurance protection. Our AI-driven methodology is built to identify reliable tenants accurately and quickly, ensuring that ‘speed’ never comes at the expense of property security.”