PROTECTION AGAINST RENTAL FRAUD - I-PRAC
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PROTECTION AGAINST RENTAL FRAUD

What is I-PRAC?

I-PRAC is the International Property Rental Approval Certification. It is a membership affiliate system for property owners and rental agencies which offer short-term rental accommodation for holidays and business.

 

The certificate is awarded by an official body of industry experts who work with Government agencies all over the world to carry out a robust and in-depth verification process. This process involves several stages of checks to ensure all members are legitimate operators.

 

The application process can take up to three weeks, during which time I-PRAC experts will verify identity, company ownership and bank account details. This includes the examination of official documents and telephone verification. I-PRAC will also verify any online platform listings.

 

Anyone booking with an I-PRAC-approved member can rest assured that they are safe to hand their money over. If a provider isn’t registered with I-PRAC, ask them why not?

Benefits of I-PRAC

Peace of mind when booking a holiday or rental accommodation

Confidence that you are using a legitimate provider

Less stress and worry

Hugely minimise your risk of falling victim to rental fraud

Quick and easy to use

Accommodation fees back in the event rental fraud occurs

Free of charge for the renter or holidaymaker

We have all heard of horrific stories about families and business people who arrive in a foreign destination after paying the full rental fee, only to find that the property does not exist. In addition to realizing that they have been defrauded and have lost a lot of money, they must also scramble to find other accommodations.

Why use I-PRAC?

Rental fraud is on the increase and it is very difficult for the customer to verify whether they are booking their accommodation with a legitimate provider – even when booking through a well-known, reputable platform.

 

Fraudsters use sophisticated tactics to trick you into believing they are legitimate, including professional photographs of properties and customer service emails and phone lines.

 

Once they have your money, you will never hear from them again. If you’re lucky, you’ll discover this before you set off on holiday, but there are countless horror stories of families arriving in a foreign country to find they have been duped.

 

By increasing its membership worldwide, I-PRAC is putting a stop to this. Using I-PRAC to check your provider enables you to take control and ensure you don’t become a fraudster’s latest victim.

How I-PRAC works?

  • Property owners and rental agencies must first of all apply to join I-PRAC
  • They must submit a detailed application form and supporting documents, including passports and bank account details
  • Their application is carefully reviewed and verified by a membership committee
  • Approved members receive a personalised I-PRAC logo and unique ID number to use in their marketing material
  • People looking for rental accommodation can search the database to verify a member’s identity and bank account details
  • Renters can book their accommodation safely using the bank details held by I-PRAC
  • Renters register their booking online to guarantee their free insurance package
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